VAT

Tax 

VAT News in June

With regard to the changes in the conditions of cross-border trading with goods in the EU from January 2020, the European Commission has published material with a description of selected aspects of the new rules. The General Financial Directorate (GFD) is finishing its work on the methodological note concerning the VAT treatment of the issuance and distribution of vouchers. What is new at the Court of Justice of the European Union (CJEU)? This and much more is debated in detail in the VAT news for June. 

18. 6. 2019
Tax 

Changes relating to customs guarantees for temporary storage and special customs procedures – VAT will no longer be secured

On 15 March 2019, the President of the Czech Republic signed an act amending certain tax laws (the “tax package”). The package includes the long-awaited amendment to the Customs Act providing guidance on securing customs debts relating to temporary storage and special customs procedures (except for the transit procedure). The news is that the customs authorities will no longer require that the customs guarantee covers VAT. 

20. 3. 2019
Tax 

VAT news – March

The Ministry of Finance of the Czech Republic has started working on the transposition of the EU Council’s Directive and Regulation that substantially amend the terms of cross-border trade in goods within the EU. In case C-647/17 Srf Konsulterna, the Court of Justice of the European Union upheld that in respect of the provision of multiple-day accounting courses for the general public, the place of supply is the venue where the event takes place. For more information, read the March VAT news. 

19. 3. 2019