A very important and significant change in the VAT law has been implemented in the Czech Republic as of 1st January 2016. The so called Control Statement (Kontrolní výkaz) listing all the individual items (not yet covered by other parts of VAT reporting) must be submitted to the Tax office together with the standard VAT return every month.
It is critical that businesses get ready for the change as soon as possible in order to be able to cope with the 2016 requirements.
The very first month showed that many companies failed to submit the return! Do not be one of them.
For more information and assistance please feel free to contact our Czech office.