VAT services in the Czech Republic
VAT systems and VAT rates are different in each EU member state and they significantly impact businesses. The Czech Republic is no exception, yet many companies ignore the complexity of VAT and its potential effect on entrepreneurship. Quite often, they come across VAT issues after the transaction are set or running. Therefore, it is important to track and manage your VAT expenses and ensure that your company complies with all Czech VAT laws and mitigates its potential tax risks. Both when trading internationally and domestically.
Our team of experienced VAT advisors will always be on hand to help you streamline not only your day-to-day tax matters, but also more complex business transactions. We are ready to guide you through the complex administrative pitfalls of the Czech VAT and assist you with a full-range support to keep you compliant.
VAT registration services in the Czech Republic
VAT registration in the Czech Republic is possible only in electronic form, either using a data box or a verified electronic signature. We are ready to:
- Represent your company during the process of VAT registration
- Handle the communication with the Czech tax authorities
- Ensure that you receive your VAT number as soon as possible
- Register your company to the electronic One-Stop Shop (OSS) and Import One-Stop Shop (IOOS) systems in the Czech Republic
When doing business with partners from other European countries, the movement of goods might generate the Intrastat reporting obligation. The reporting threshold for a company is set at CZK 12 million for exported and imported goods within a calendar year. In case your company exceeds the given limit, our team is ready to help you with the necessary reporting, such as:
- Assessment of movements of goods from Intrastat perspective
- Preparation and submission of reports
- Communication with the customs authorities
VAT compliance services
Have your VAT agenda fully outsourced in the Czech Republic. Our experienced VAT team will take care of your VAT obligations and reporting based on the granted Power of Attorney and assist you with the initial reporting from your software. Our team will also help with the review of all your transactions from VAT point of view, and the preparation and submission of:
- VAT return
- VAT control statement
- EC Sales list
- OSS or IOSS return
Advisory services during negotiations with the tax authorities, legal disputes and litigations
Our experts can assist you with various negotiations and disputes with the tax authority and represent you in front of the Tax Authority – such as during tax audits, official questions of the tax authority on your business in the Czech Republic and beyond.
Assistance with reclaiming Czech VAT for foreign companies
We can assist you with reclaiming your Czech VAT in case that your foreign company realized some purchases with the Czech VAT during their economic activities in the Czech Republic and is not registered for VAT in the country.
Assistance with reclaiming foreign VAT for the Czech Companies
Let us represent you with VAT refund from Another Member State in case your company is VAT registered in the Czech Republic and your employees incurred:
- Transportation expenses (e.g. fuels, taxi fares)
- Accommodation expenses
- Purchases of goods in another member state with local VAT and the goods remained in that respective state
VAT review of transactions
Our VAT experts can review the application of VAT within your transactions to optimise VAT liability and deductions within your company (or group). During the VAT review we analyse your accounting data to identify risk areas, errors, or opportunities for VAT savings.
VAT advisory services in specific areas
Our VAT experts often help clients with:
- Setting of chain transactions (successive supplies of the same goods between several parties, which are subject to a single transport)
- Import of goods from third countries to EU
- Intracommunity supplies of goods
- Real estate transactions
- Establishment of a VAT group
- Consignment stock and more
E-commerce VAT services
Our VAT services for e-commerce are designed to help online marketplaces and their sellers to meet the new regulatory requirements for value-added tax. Our VAT experts ensure fast VAT registration together with VAT fillings supported by our RPA system to deliver high professional services in a fixed monthly package.
Phone: +420 725 840 220