CZECH REPUBLIC (DPH)
Czech Republic being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.
Standard VAT Rate: 21%
Reduced VAT Rate: 10%, 15%
Registration Threshold Distance Selling: 1,140,000 CZK
EU VAT number format: CZ99999999 or CZ999999999 or CZ9999999999
Resident - CZK 1,000,000 (approx. EUR 40,000)
Non resident - There is no registration threshold
IC Acquisitions - CZK 326,000 (approx.EUR 13,040)
None, but a person VAT-registered in another EU Member State or a company from a third country with no seat, place of business or establishment in the Czech Republic must register for VAT if it:
makes any supply that attracts Czech VAT (e.g. a supply with place of supply in the Czech Republic or to non-VAT payers, etc.);
has acquired goods in the Czech Republic from another EU Member State (except cases where simplification such as triangulation, import/acquisition of goods applies);
has delivered goods from the Czech Republic to another EU Member State;
has exported goods from the Czech Republic to a third country;
VAT establishment is created;
Detailed rules regulate reporting requirements of Czech transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes. From 1 January 2016 selected VAT registered entities will be obliged to submit a monthly “VAT Control Statement” i.e. the Control Form.