Indirect tax ebook - Czech Republic

Scope

VAT is used for the taxation of business transactions in Czech Republic. Tax is collected as a difference between the VAT on income and VAT on outcome at each stage of the production and distribution. That means the VAT is paid only for the added value from a relevant part of the production at each stage. Because the final consumer does not produce any added value (only consumes), the whole tax burden lies with him.

Information about Czech Republic:

This information has been provided by Grant Thornton Czech Republic, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Czech Republic nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer

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For further information on indirect taxes in Czech Republic please contact Olga Krnáèová

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