3 February 2020
The Czech Republic will delay the introduction of the generalised reverse charge mechanism (GRCM) on domestic supplies undertaken in the country until at least January 2021.
The GRCM was allowed by the European Union in an effort to combat VAT fraud and allows EU member states most severely affected by fraud to apply a GRCM to transactions above a value of €17,500.
For full detail of how the GRCM works, please refer to our previous article here.
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