30 April 2015
The Financial Administration has published official guidance on the application of the new 10% VAT rate which came into effect from 1 January 2015. This new VAT rate applies to children’s food, medicines and books (among other things). The tax authority has published guidance on the extension of the local reverse charge mechanism, which took effect from 1 April 2015. As per our previous newsletter, the extended regime will include mobile phones, integrated circuits such as microprocessors and central processing units, portable automatic data processing devices (such as laptops or tablets) and video game consoles, where the value of the supply exceeds CZK 100,000.
LATEST NEWS
European Public Prosecutor’s Office confirms €13bn...
The European Public Prosecutor’s Office (EPPO) recently released a report revealing that over half of the investigated EU budgetary losses up until December...
SEE MORE
LATEST NEWS
Slovenia delays the introduction of mandatory...
The Slovenian government have proposed a delay in the mandating of e-invoice reporting for B2B transactions to 1 January 2027. This new implementation date...
SEE MORE
LATEST NEWS
Canada: Nova Scotia to decrease its standard...
From 1 April 2025, the Canadian province of Nova Scotia will reduce the HST rate applied within the province from 15% to 14%. There are no other HST rate...
SEE MORE