9 July 2019
From 1 January 2020, the Czech Republic will introduce the generalised reverse charge mechanism (GRCM) on domestic supplies undertaken in the country.
The GRCM is 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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