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Commentary

Pre-registration input VAT

10 Czech Republic
10 Czech Republic | Commentary

Pre-registration input VAT

10 Czech Republic | Commentary

Pre-registration input VAT

A VAT registered business is entitled to recover VAT incurred on purchases made during the 12 consecutive calendar months before the date of registration, provided those purchases were used for economic activities undertaken by the business and are included in the assets held at the date of registration. Services can only be recovered in cases where they become part of assets (capitalised).

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