Czech domestic VAT transactions filing from 2016

Mon 18th Aug 2014

Czech VAT registered businesses will be required from 1 January 2016 to file a new return detailing all taxable transactions with other Czech registered businesses. This is similar to Intrastat filings, which summarise all transactions with businesses VAT registered in other EU countries.

A number of EU member states have introduced similar additional reporting requirements, including Hungary and Slovakia. The are aimed at helping deter and detect VAT frauds as the tax authorities are able to cross check reported transactions between tax payers.

Domestic VAT Intrastat

The Czech proposals include requirements to disclose the following information:

  • Listing of VAT purchases and sales with other Czech VAT registered businesses
  • Nature of the supply of goods or services
  • Dates of supply
  • VAT numbers of the counter-party
  • Net prices, VAT rate and calculation