5 November 2009, 9 am – 5 pm (Czech language)
As of 1 January 2010, the Czech Republic will be obliged to implement the new so-called EU VAT package. The proposal to merge the VAT package into the VAT amendment was submitted by the government to the Chamber of Deputies for approval at the beginning of August 2009.
Above all, the introduction of the VAT package will influence these areas:
1. Place of supply of services
Substantial changes will appear in rules related to services provided across borders within EU countries. VAT tax on services will be imposed in the place of delivery of the service, which will lead to an increase in the volume of cross-border services. This amendment will therefore mostly impact international businesses that supply or receive services abroad. A failure to comply after the day of validity of the EU VAT package may result in penalties.
2. Reporting duty
The VAT package includes the duty to report all services supplied across border in other EU countries, as well as the goods that are nowadays reported through the summary report. This creates an administrative burden for companies. If they are in violation of this reporting duty, they expose themselves to penalties.
3. 8th Directive refunds
The changes will also influence the whole mechanism that now enables companies to ask for a refund of VAT paid in other EU countries in which these companies are not VAT registered. The new system introduces the following:
Who is this seminar for?
If you search for answers to the following questions and, at the same time, you want to discuss the current situation of your company with our experts, you should not miss this seminar with its practical application. A substantial part of it will be dedicated to practical exercises and case studies.
Seminar will include the following topics: