Czech VAT Update

New VAT Rate and Changes to Czech VAT Return for 2024

As of January 1, 2024, a new VAT rate of 12% has been implemented in the Czech Republic, prompting adjustments to the Czech VAT Return and Control List for the taxable year 2024.

Here’s what you need to know about these changes:

Effective Date and Filing Deadlines

The changes apply to reporting periods starting from January 2024.

The first deadline for filing under the new regulations is February 26, 2024.

Changes in Control List DPHKH1

The Control List DPHKH1 has been updated to accommodate the new VAT rates and reporting requirements.

Fields for the three VAT rates (basic and reduced) will remain in the control report form. This is to facilitate various scenarios such as tax deduction claims within the statutory three-year period and reporting corrections to the tax base and tax amount.

Specific items have been designated for each VAT rate:

  • “Tax base 1 and Tax 1” for the basic tax rate.
  • “Tax base 2 and Tax 2” for the reduced VAT rate of 12% effective from 1/1/2024.
  • “Tax base 3 and Tax 3” for transactions subject to the previous reduced VAT rates (15% and 10%) with relevant corrections.

The “Data box identifier” item will no longer be required in the control report form.

Changes in VAT Return DPHDP3

The changes brought by the consolidation package have minimal impact on the VAT return form.

Descriptions of selected items (lines) of the form will be modified along with relevant instructions for filling it out.

However, the items of the VAT return form themselves will remain unchanged.

These adjustments aim to ensure compliance with the new VAT rate and streamline reporting processes for taxpayers. Make sure to familiarize yourself with these changes to fulfill your tax obligations accurately and on time.

Stay Up to Date

Each month we feature the latest news trends and topics covered by the Taxback International experts. For monthly news and regulatory updates subscribe to our VAT Newsletter.

Work with real VAT experts

With over 15 years’ experience in the area of VAT compliance and consultancy, we handle all countries and languages where VAT obligations exist. We have a dedicated & centralized team of VAT experts, with a reputation of excellence within all global tax offices ready to speak to you about your VAT obligations.

Taxback International

For over 25 years Taxback International has been a world leader in VAT consultancy and compliance providing expert support to more than 12,000 global clients including Apple, Google, IBM, and Twitter.

With increasing digitalization of global tax processes, we have developed tailored technology solutions to solve challenges facing companies today.

Comply – End-to-end VAT Compliance Platform

VAT Connect – VAT Reclaim Platform

TBI Pay – Global Payments Solution

ROI Calc Calculate your ROI