Priznani k DPH za prosinec 2022 na co nezapomenout

VAT return for December 2022 - what not to forget

The deadline for filing the VAT return for December 2022 is coming up and, as every year, we remind you what you need to pay attention to in the last tax period of the calendar year. Below is a summary of these areas.

• Changing your tax year is only possible by completing a special code on your December VAT return;
• A partial deduction can only be claimed in the last tax period of the calendar year in which the deduction could have been claimed first (this applies to both business/non-business pro-rata and  taxable/exempt pro-rata);
• The reconciliation of taxable/exempt pro-rata  should be made in the December each year and the pro-rata should be used as the advance pro-rata for the next tax year in 2023;
• Adjustment of the business/non-business pro-rata if the actual ratio of use for economic activity differs from the qualified estimate by more than 10 percentage points;
• Adjustment to the fixed asset deduction if there is a change in the extent to which the fixed asset is used for purposes qualifying for the deduction in 2022 and the change is greater than 10 percentage points;
• Long-term services (with some exceptions) must be invoiced at least once a year, otherwise there is a fiction of tax point every 31 December.
• A newly formed VAT group (as of 1.1.) must file a VAT return for the last tax period of each member of the group already through a representative member of the group. On the other hand, in the case of a VAT group that ceases to exist (as of 31.12.), the designated person must file the December VAT return for the entire group with his/her tax administrator; 
• The threshold for Intrastat registration of CZK 12 million anew from 1 January of each calendar year.

If these points are relevant to you, we would be happy to discuss them with you in more detail. Please, contact the author of the article or members of the EY team with whom you work.

Author:

Jevgenija Bajziková