Starting from 2017, new quarterly communications of data of invoices issued and received and VAT balances will be mandatory.
Articles 4 and 5 of Law Decree dated October 22, 2016, no. 193 has introduced important changes in relation to VAT in order to strengthen the fight against evasion.Read More »
Based on figures recently published by the European Commission, VAT revenue collection for 2013 has failed to show significant improvement.
During 2013, the overall VAT Total Tax Liability for the EU-26 Member States grew by about 1.2 %, while collected VAT revenues rose by 1.1 %. As a result, the overall VAT Gap in the EU-26 increased by 2.8 billion Euro and reached a total of 168 billion Euro. Read More »
About 100 selected tax officers from various parts of the Czech Republic are coming these days to “help Prague” and to support inspections of taxpayers falling within the scope of Prague Tax Offices. Those authorities have been known for struggling with a lack of time and staff for carry out limited or full tax inspections on a regular basis. As one would expect, this inspired plenty of businesses who on purpose registered their seat in Prague, which further worsened the issue.Read More »
PwC Switzerland ITX
Michaela Merz 