Czech Republic

Country	Czech Republic
Currency	CZK
EU Member State	Yes
Standard VAT rate	21%
Reduced VAT rate	15% / 10%
VAT registration limit for established businesses	1,000,000 CZK
VAT registration limit non-established businesses	Nil
VAT registration rate for distance sellers	1,140,000 CZK
VAT return filing periods	Monthly for turnover in excess of 10 million CZK and Quarterly for turnover below 10 million CZK
Annual returns	No
Intrastat thresholds: dispatches and arrivals	8,000,000 CZK dispatches/ arrivals 8,000,000
EC Sales Lists frequency	Monthly or quarterly
Additional reporting requirements	No
VAT recovery by non-established non-EU businesses	Monthly / quarterly
Reverse Charge	Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses	No
Statute of limitations	3 years