Czech Republic: Guidance on VAT ledger statements | KPMG | GLOBAL
Share with your friends

Czech Republic: Guidance on VAT ledger statements

Czech Republic: Guidance on VAT ledger statements

The Czech General Financial Directorate (GFD) issued guidance concerning how to complete value added tax (VAT) ledger statements, in light of approved legislation changes to the VAT law that were effective 1 July 2017.


Related content

The guidance concerns requirements about:

  • Balancing or adjusting VAT deductions for unsupported shortages and damage
  • The extension of the reverse-charge mechanism to selected supplies
  • The new “unreliable person” concept
  • The timing when VAT on gift vouchers must be paid 
  • Applying VAT on the sale of prepaid phone cards is changed
  • Completing VAT ledger statements


Read a July 2017 report prepared by the KPMG member firm in the Czech Republic

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal