In February 2016, the Czech VAT payers were submitting their first control statements. Out of roughly 290,000 taxpayers, 45,000 did not manage to meet the deadline, as the Ministry of Finance stated. Another 10,000 managed to submit the control statement on time but did not fill in all the necessary information.
PwC clients have the opportunity to use a special tool called VAT SPECTRUM, which prevents similar mistakes and identifies other discrepancies in the reported data. Also thanks to this tool, we encountered no technical problems associated with the administration of control statements.
Now the financial administration will analyze the data and will call for changes, additions and confirmations on reports submitted.
More information about our services for control statements at: www.pwc.com/cz/cs/danovesluzby/kontrolni-hlaseni-dph.html.
Martin Diviš +420 251 152 574
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