Registration / settlement of VAT in the Czech Republic

VAT – Czech Republic – basic information If you do not have an open branch in the Czech Republic, you register with the Prague 1 tax office. To register VAT in the Czech Republic, you need the following documents: a) original entry in the economic register or an extract from the National Court Register – with an official translation into Czech; b) the original certificate of registration of European VAT from Poland – also with an official translation into the Czech language; c) a copy of the bank account agreement. Both the registration of a sole proprietorship and a limited liability company can be carried out in one day – give us the necessary documents and we will do the rest.

VAT – Czech Republic – how does VAT settlement and submission of VAT returns look like? Depending on the turnover your business will achieve, you can either choose a billing period or you are required to billing monthly or quarterly. Below are the turnover thresholds and related deadlines: 1. Turnover up to CZK 2,000,000 during the calendar year – you settle VAT on a quarterly basis; 2. Turnover from CZK 2,000,000 to CZK 10,000,000 per calendar year – you can choose whether you settle VAT quarterly or monthly; 3. Turnover over CZK 10,000,000 during the calendar year – you settle VAT monthly.

VAT – Czech Republic – what can be deducted? All business expenses are deductible. If the car purchase is deducted, also the car bought in another country is deductible from VAT if it was purchased for the registered activity. You don't have to worry about looking for the right recipes – our experts have the necessary knowledge. Contact us, we will help you register your business in the Czech Republic and optimize your taxes.