Informace GFŘ ke stanovení základu daně při změně sazeb DPH

GFD information on determining the tax base when VAT rates change

As part of the consolidation package, VAT rates were changed with effect from 1 January 2024. Only one reduced rate of 12% was newly introduced (instead of the original rates of 10% and 15%). Some items were also moved from the reduced rate to the standard rate, which remains at 21%, and vice versa. We have informed you about the rate changes HERE.

The GFD has now issued an Information on the determination of the tax base when VAT rates change (text HERE). The Information summarises and reminds of the rules for applying VAT in cases where an advance payment was received at the time of the original VAT rates, but the date of the taxable supply occurs now, when the new VAT rate is valid. The application of VAT on the additional payment and on the return of (part of) the advance payment differs fundamentally.

For further information or if you have any questions, please contact your client team or the authors of this article.

Authors:

Stanislav Kryl

Lenka Doležalová