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Czech electronic VAT ledgers 2016

  • Jun 14, 2015 | Richard Asquith

Czech electronic VAT ledgers 2016

The Czech Republic is to join Slovakia, Portugal and others by implementing a VAT electronic ledgers regime from January 2016 to report taxable transactions to the tax authorities in near-live time. The government is hoping to raise CZK 10 billion from the measure per annum.

The requirement for VAT-registered businesses to supply full e-ledger reports on their sales comes despite a lack of details on how information will be transferred. But the government is keen to replicate the successes of other EU member states in combating and reducing VAT fraud and the black economies. The requirement is being rolled out sector-by-sector, starting with hotel accommodation and restaurant services.

Initially, the reporting will be limited to sales and corresponding cash receipts. But if successful, could be extended to stocks, fixed assets and purchasing. Much will depend on the ease with which reporting can be done – many businesses will have to invest in special e-cash registers - and the impact on the Czech internet given the quantities of data will be huge.

Czech VAT is currently 21%


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.