LIMIT FOR VAT CHANGED TO 2 mil CZK
Czech Government approved the change of the limit for mandatory vat registration to be 2 mil czk from 1.1.2023.
The limit valid till 31.12.2022 is 1 mil czk, however if you reach this limit in November or December 2022, you don`t need to register anymore.
Once the new law (“daňový balíček 2023“) will be officialy published, the VAT payers with turnover below 2 mil czk can deregister in 5 days and they can deregister if they are registered not even one year. This is important also for those vat payers, who want to register for lump sum tax from 2023.
If the vat payers have the turnover below 2 mil czk and don`t catch the 5 days deadline, they can deregister after 12 months of registration but not before 1.1.2023.
The VAT payers with the turnover below 1 mil czk can stay voluntarily in the VAT system.
Just to remind you that for the „turnover“ for VAT purposes you need to count only invoices issued to Czech clients and invoices issued to individuals from other EU countries.
800 CZK – deregistration from the VAT