VAT Control Statement

Taxable persons registered for VAT in the Czech Republic are obliged to submit the so-called “VAT Control Statement” after 01 January 2016.

The VAT Control Statement is completed, together with VAT return and Intrastat reports, on a monthly basis.

A new obligation to submit data, from particular tax documents which are already required to be recorded in the tax evidence by the VAT Act, has recentlt come intp effect. These data will be reported in the VAT Control Statement based on issued and received tax documents (including simplified tax invoices). Only taxable persons registered for VAT in the Czech Republic (with an assigned CZ VAT ID number) are obliged to submit the VAT Control Statement.

Control statement in the Czech Republic

Transactions which must be declared in the VAT Control Statement include:

Domestic taxable supplies (CZ) or receipt of advance payment
Domestic acquisition of goods/services or providing of advance payment of the CZ VAT return
Received transactions from which the acquirer is obliged to declare VAT
Special scheme for investment gold

(Note: If none of the above mentioned transactions is carried out in the respective period, the VAT Control Statement shall not be submitted. Nevertheless, the obligation to submit a VAT return is not affected).

The first taxable period for which the VAT Control Statement has to be submitted is January 2016 or the firstquarter 2016.

The VAT Control Statement has to be submitted electronically. The VAT Control Statement e-form is available on the website of the Financial Administration of the Czech Republic: www.daneelektronicky.cz

Sanctions relating to the VAT control statement in the Czech Republic

If a taxable person registered for VAT does not submit a VAT Control Statement within the due date, the following sanctions will be applied:

1 000 CZK, if the VAT Control Statement is submitted after the due date without summons from the Tax Administration,
10 000 CZK, if the VAT Control Statement is submitted within the deadline given by the Tax Administration in issued and delivered summons,
30 000 CZK, if the Corrective VAT Control Statement is not submitted although summons to submit a Corrective VAT Control Statement were issued and delivered by the Tax Administration,
50 000 CZK, if the regular VAT Control Statement is not submitted nor is submitted after summons of the Tax Administration.

Nevertheless, if a taxable person registered for VAT seriously violates or obstructs the administration of VAT by not submitting the VAT Control Statement, the tax administrator can impose a sanction up to 500.000,- CZK depending on individual conditions.

Yourtaxes.cz - Taking care of your VAT control statement in the Czech Republic