Czech Republic: VAT penalty relief | KPMG | GLOBAL
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Czech Republic: VAT penalty relief, electronic reporting of sales

Czech Republic: VAT penalty relief

The KPMG member firm in the Czech Republic has prepared reports on the following tax developments.

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  • The tax authority announced that the existing approach to the waiver of penalties for the failure to file value added tax (VAT) ledger statements will also apply in 2018 and that the “unreliable payer” concept criteria is extended, effective from 1 January 2018. Read a January 2018 report prepared by the KPMG member firm in the Czech Republic

  • The Constitutional Court cancelled some provisions of the law for the electronic reporting of sales. Read a January 2018 report prepared by the KPMG member firm in the Czech Republic

  • The Senate submitted to the Chamber of Deputies a draft amendment to the income tax law that is designed to narrow the definition of basic investment funds and could affect the tax advantage of certain investment funds. Read a January 2018 report prepared by the KPMG member firm in the Czech Republic

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