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Let us remind you that the deadline for group VAT registration in the Czech Republic is approaching. The VAT group becomes VAT payer from January 1st, 2025 if the application for VAT registration is submitted no later than October 31st, 2024.
In case that the VAT application is submitted later, the VAT group will be registered for VAT not earlier than January 1st, 2026. The same rule applies for the eventual addition of a new member to the VAT group or exit a member from the VAT group.
The VAT group is a specific group of related companies that is treated as one taxpayer for VAT purposes, i.e. supply provided between members of the VAT group is not subject to VAT. The VAT group registration is commonly used by related companies where there is mutual invoicing and for some reason, it is not possible to claim full VAT deduction. When deciding to create VAT group it is necessary to take into account the nature of the supplies that will be provided by the VAT group as a whole (i.e. to the third parties) and its impact on the potential obligation to shorten the VAT deductions. It is thus important to consider whether the positive effect of VAT group registration will not be outweighed by the negative effect caused by the partial VAT deductions. Every decision to register as a VAT group should be preceded by a specific analysis.
Are you considering whether voluntary group registration for VAT purposes is the right solution for you? We will be happy to analyse your company’s situation and arrange everything you need – from setting up a VAT group through all the administration to processing your VAT return. Do not hesitate to contact our Czech VAT team.
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and approximately 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
