Czech VAT update
- Feb 24, 2017 | Richard Asquith
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
Need help with your Czech VAT compliance?
Researching Czech VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade.