The amendment to the value added tax (VAT) law that would implement the “quick fixes” measures will not be effective in the Czech Republic beginning 1 January 2020 because the Chamber of Deputies has yet to discuss the proposal or to have the first reading.
With this delay in the implementation of the EU directive, there are questions for Czech VAT-payers involved in the intra-Community supply and acquisition of goods:
Challenges are expected in situations when Czech payers withdraw goods from their European suppliers’ consignment (call-off) warehouses located in the Czech Republic, and in situations when Czech entities own inventories in a consignment (call-off) warehouse in another EU Member State.
Read a December 2019 report prepared by the KPMG member firm in the Czech Republic
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