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Czech VAT update

Czech VAT update

There are to be a number of changes to the Czech VAT regime which will come into force on 1 April 2017.  These include:

  • Introduction of the anti-VAT fraud domestic reverse charge in the construction sector
  • Inclusion of assets on finance leases in the rules on VAT for fixed assets
  • Changes to the rule on the time of supply for advance payments on the supply of goods
  • New guidance for declaring VAT losses on the theft or damage of goods
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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 is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.