Czech Republic: Consequences of the amended VAT Act

As of 1 January 2013, the amended VAT Act has introduced the new “unreliable payer” and “reliable accounts” registers which should primarily serve as tools for combating VAT evasion, but could also have significant impacts on any VAT payer in commercial-legal relations.

The tax administrator may decide to declare a VAT payer that commits a significant breach of obligations arising from VAT after 1 January 2013 an unreliable payer. The unreliable payer will subsequently be published in the public register of unreli­able payers, which may have the following consequences: the VAT payer could be required to have a monthly taxation period and customers of this VAT payer will have to guarantee for Czech VAT unpaid by him.

As of 1 April 2013, a new register of reliable accounts will be introduced. If a customer pays for the delivery of goods or the provision of services to a bank account not registered at the register of reliable accounts, it will guarantee for the Czech VAT in the event the supplier does not pay the tax. No VAT guarantee will apply only if the payment is made to a bank account that will be published in the register of reliable accounts.

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