An amendment to the VAT Act with the proposed effectiveness from January 2019 has been referred to the Government of the Czech Republic for consideration.
Another critical change was added to the amendment, concerning the taxation of supplies of goods including assembly by a person established in a country other than the Czech Republic. If both the supplier and the customer are VAT payers, the supplier will have to invoice the supply including Czech VAT (the supply would be subject to self-assessment by the customer through the end of 2018).
The article is part of dReport – June 2018, Tax news; Grants and investment Incentives
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