VATLive > Blog > European News > Czech VAT update - Avalara

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
Latest Czech news
Czech 10% reduced VAT rate changes
June 14, 2018

The Czech Ministry of Finance has proposed changes to goods which will be subject to its reduced VAT rates of 10%. The current standard VAT...
VAT Reporting update 18.4.1
May 1, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month April. It includes changes to reports, modifications and bug fixes....
Czech VAT rate cuts
April 8, 2018

The Czech Ministry of Finance has proposed a range of changes to the classification of supplies from the standard 21% VAT rate to the reduced...

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.