Czech | Changes to Czech VAT Law from April 2019

The Czech tax office recently published certain legislative amendments to the Czech VAT rules, which are generally effective as of 1st April 2019 and provide for the following changes:

  • Simplification measures regarding place of supply for electronically supplied services for small businesses (telecommunications services, radio or television broadcasting services or other electronically supplied services) to non-taxable persons in other EU Member States;
  • Clarification regarding the definition of a voucher and the identification of a single-purpose and multi-purpose voucher;
  • Clarification regarding the rules on providing tax documents (tax invoices), including new deadline for issuing debit and credit notes;
  • Explanation and adjustments of some terms: “financial leasing” (adjustment to be implemented with 1st of January 2020) and the understanding of the “usual price”;
  • Changes to the VAT bad debt rules.

If you believe you are affected by the above developments and would like some further advice, please do get in touch.