VAT Payment Calculator
As a Czech taxpayer, you must register as a VAT payer when your annual turnover exceeds CZK 2 million. You may also need to pay VAT in certain cases (gaining assets via privatization, merger, or the sale of a company). In other circumstances, you might register to pay VAT voluntarily. No matter the situation, this VAT Payment Calculator should help make your life a bit easier. Use it to calculate exactly how much VAT to add to your Czech invoices in 2024.
VAT Payment Calculator
Input your VAT payment details and VAT rate to calculate VAT in 2024
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FAQs
Who needs to pay VAT in the Czech Republic?
In the Czech Republic, you must pay VAT if your annual turnover exceeds CZK 2 million. It is also necessary to pay VAT if you gain assets via privatization, a merger, or the sale of a company. You might also choose to pay VAT voluntarily, which in some cases can be beneficial (more on this below).
Which obligations do VAT payers have?
VAT payers not only claim and pay VAT, they also must keep records and submit tax and control reports. All of your invoices should include the words “Faktura - daňový doklad” and information that you are a registered VAT payer. Also, all VAT evidence and records should be archived for 10 year periods.
What are the different Czech VAT rates?
In 2024, there are two new Czech VAT rates (the reduced 12 percent, and the standard 21 percent). These replace the three VAT rates of 2023 (the second reduced 10%, the reduced 15%, and the standard 21%). This aims to simplify the VAT system by unifying the previous two reduced rates into one reduced rate of 12 percent.
Which products fall under the reduced 12% VAT rate?
Reduced 12% VAT rate products begin with foods (including drinks or food for pets, and ingredients for production). This is with the exclusion of alcoholic beverages and tobacco. There is also baby food; drinking water (including hot water); living plants and seeds. These join milling industry products, printed material (brochures, flyers, etc); and print media. Other items under the 12% rate are then coloring books and maps; medical equipment (including relevant devices); radiopharmaceuticals; children’s car seats, energy products and supplies. Note: anything VAT LAW does not mention in the reduced VAT section will have the standard 21% VAT.
What services fall under the reduced 12% VAT rate?
Services under the reduced 12% VAT rate in 2024 include the following. These begin with: standard public transport (of passengers and luggage); barber and hairdressing services; child care and caretaking, and catering services. Catering is also now including beer if there is consumption at a restaurant. Additional reduced VAT rate services include: construction work; repair services; water supply treatment; air passenger transport; and funeral services (excluding animals). Finally, there is also the reduced rate on energy saving materials and equipment, catering services (excluding additional services such as service, seating, toilets, etc). Note: Always double-check the conditions for reduced VAT rate services with VAT Law.
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