Czech Republic: a draft law on changes to tax laws

Alessandro_Pasut_3

Alessandro Pasut

 Czech Republic

The Chamber of Deputies is currently discussing a draft law on changes to tax laws in connection with the re-codification of private law. The draft law contains also an amendment to the VAT law limiting the supply recipient’s liability for VAT not paid by the supplier in cases where the payment for the taxable supply was made to an account of the supplier different from that published by the Tax Administration.

The liability will be limited to cases where the payment for the taxable supply is more than double the amount under the Act of the restriction of cash payments, i.e. CZK 700,000. This condition applies to the whole payment for the taxable supply, irrespective of how it was provided or whether advance payments have been made.

This regulation of liability, however, only applies to cases where payments are made to an account not published by the Tax Administration. For other cases, for example when a payment is made to a foreign account or when supplies are received from an unreliable payer, the rules remain unchanged.

Whereas the amendments to tax laws in connection with the re-codification of private law are generally effective from 1 January, the amendment to the VAT law modifying the rules on liability applies on the first day of the calendar month following the date of promulgation of the law.

Do you want an expert advise by Alessandro Pasut about the draft law on changes to tax laws in Czeck Republic?
Click here!

 

Share

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *

*

È possibile utilizzare questi tag ed attributi XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>