Electronic evidence of revenue introduced

20 Dec 2016

The Electronic evidence of revenues came into legal force since 1 December 2016 in the Czech Republic. In its first wave, the electronic registration of sales will be obligatory for providers of accommodation and catering services.

In order to mitigate partly the tax impact of the electronic evidence the VAT rate applied by catering providers on their services was reduced from 21% to 15% for catering services and drink servings (except for alcoholic beverages and tobacco) from 1. December 2016.

 

Another proposal that is currently subject to the legislative procedure is the change of the VAT rate for newspapers and magazines in which advertising exceeds more than 50% of their content. The current VAT rate is 15% and the proposed VAT rate is 10%. It is expected that the proposed rate is to be effective from 1st January 2017.

 

 

 

 

 

 

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For more information

Jiri Jindrak Jiri Jindrak

Tax Adviser

Proxy, a.s.

Czech Republic

Phone +42 0 296 332 411

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