Share with your friends

Czech Republic: VAT measures effective 1 April 2019

Czech Republic: VAT measures effective 1 April 2019

Value added tax (VAT) measures included in the 2019 tax package generally have an effective date of 1 April 2019.


Related content

Among the VAT measures in the new law are the following items:

  • There is a new requirement to report the date of supply on tax documents provided to the supply recipient and to determine the date of supply for lease-related services.
  • There is a new VAT requirement relating to “significant repairs” made to real property.
  • There are measures concerning the calculation of VAT and “tax rounding.”

VAT measures that concern leases generally are not effective until 2020 at the earliest, and this effective date may be extended. Also, VAT measures relating to building leases when at least 60% of the floor area is used for residential purposes may not be regarded as being subject to VAT; however, this VAT exemption will not be effective until 2021 at the earliest.

Read an April 2019 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


Want to do business with KPMG?


loading image Request for proposal