News 2015

There are three amendments of the VAT Act in force from the 1^st January 2015. The first change concerns Mini-One-Stop-Shop (MOSS), the second change introduces the second reduced rate of VAT 10 % on the selected goods and the third change contains the technical issues.

e-Tax pages provides an overview of electronic tax filing and information on electronic communication with the Financial Administration of the Czech Republic.

Despite the notices of the Financial Administration of the Czech Republic to thoroughly check the payments of tax obligations to the correct bank accounts, about 3,500 of them were sent incorrectly to accounts that were cancelled three years ago.

Payers of the value added tax will have a new obligation of stating selected data from tax documents in the VAT control statement and submit it electronically to their tax office from beginning of the new year.

From 1^st January 2016, the taxpayers (or their representatives) with a tax data box or those who have a legal duty to have their closing financial statement verified by an auditor will not be able to submit an application for registration, a notification of change of registration data, a deregistration request, a regular and additional tax returns, a recapitulative statement and a settlement to tax office through the tax data message without certified electronic signature and subsequently confirm them in physical form by an e-form. Transition period during which it was possible will expire on 31^st December 2015.

The European Commission launched public electronic consultation with the purpose to identify ways to simplify the regulations of value added tax payments in cross-border e-commerce transactions in the European Union.

The Specialized Tax Office initiated controlling operation in order to verify the correctness of setting the transfer pricing between companies that are personnel or property related.  The main aim of the operation is to prevent possible tax evasion.

The Financial Administration of the Czech Republic highlights that the last day for reception of cash at cash desks of the Tax Offices and its Territorial Branches will be Wednesday, 16^th December 2015. Cash desks at the Tax Offices will open again on Monday 4^th January 2016.

The Financial Adminsitration of the Czech Republic cooperates on combating the tax frauds with many organizations. Here are two examples of recent joint actions with code names CUPRAL and SAXO.

From January 1^st 2016, a new obligation for VAT payers will come into effect. VAT control statement is a special tax form that will increase efficiency of current VAT registry data. Swiftness of obtaining the data and prescribed data form are crucial factors for analyses that will provide for uncovering of complicated frauds and prevent unlawful payments of VAT excessive deductions. Data sent to the Financial Administration of the Czech Republic will be maximally secured.

Last two weeks the Specialized Financial Office performed in the area of the Capital of Prague and the Moravian-Silesian Region an extensive control-search action aimed at illegal gaming operations. This time the purpose was not only searching for illegal quiz-machines (“kvízomat”),but also to identify other forms of illegal gaming, including card games tournaments.