Commentary

VAT bad debt relief

10 Czech Republic
10 Czech Republic | Commentary

VAT bad debt relief

10 Czech Republic | Commentary

VAT bad debt relief

If a VAT registered business has made a supply to a customer that has not settled the invoice for the supply, and that customer has become bankrupt (meaning the customer is being liquidated or is in the process of execution proceedings), it is possible for the supplier to claim this VAT back in the Czech Republic. The supplier can recover the output VAT which it declared from the tax authority where it has been unable to obtain payment of the amount due from a customer.

VAT from unsettled debt can be claimed within three years from the

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