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Czech Republic: Proposed VAT amendments for 2019

Czech Republic: Proposed VAT amendments for 2019

A draft of legislative changes to the value added tax (VAT) law for 2019 has been submitted to the Chamber of Deputies.


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Among the proposals are measures that would:

  • Simplify the declaration of corrective tax documents (credit notes and debit notes) in VAT ledger statements 
  • Allow for the correction of the tax base due to inappropriately long insolvency and enforcement proceedings (when more than five years has elapsed from the date of supply)
  • Affect leases when real estate structures with an area of more than 60% not intended for a permanent residence


Read a July 2018 report prepared by the KPMG member firm in the Czech Republic

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