Czech Republic: VAT notices warn of risks | KPMG Global
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Czech Republic: VAT notices warn of risks

Czech Republic: VAT notices warn of risks

The tax authority sent to selected payers of value added tax (VAT) notices that set out recommended “preventive measures” to address “potential risks.”


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The notices include lists of non-standard actions that, while each alone may not be illegal, may in the aggregate indicate that the transactions may be indicative of VAT fraud. These notices are the first releases by the tax administrator giving VAT payers some indications as to how to assess “risky transactions.”


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

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