The following instructions were published in Financni zpravodaj No. 4/1998.
Decree D - 169
Decree D-169, which replaces decree D - 113, deals with application of VAT in tourism. The decree covers various areas, and defines in particular persons who carry out tourism business, VAT payers and their turnover determining the taxpayer's registration obligation, and place of taxable supply, entitlement to a tax deduction, tax documents and record keeping for tax purposes.
The appendix to the Decree lists main services provided within tourism and their respective tax rates.
Decree D - 170
Decree D-170 deals with supplementary VAT returns, in particular regarding dealing with tax deductions for the last period of the calendar year, and their correction.
Decree D - 173
Decree D-173 deals with the application of VAT to in-kind contribution and to the sale of business. It defines immovable and movable (e.g. shares) property, sale of business and the date of taxable supply, tax rates and tax base in this respect.
Content of financial statements
Under this statement, it is made explicit that the basic capital incorporated in the Commercial Register should be reported in the financial statements.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to Click Contact Link
