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Czech Republic Proritizes VAT Compliance

by Ulrika Lomas, Tax-News.com, Brussels

01 May 2015


The Czech Cabinet has approved its National Reform Program for 2015, which places emphasis on increasing tax collections.

The Program sets out key measures for stimulating economic growth and employment in the Czech Republic, with a number of investment projects outlined. It also includes measures to improve tax compliance, particular in the area of value-added tax (VAT).

Specifically, the Government plans to introduce new VAT reporting requirements, to verify declarations, and introduce rules that will require businesses to keep electronic records of sales.

TAGS: compliance | tax | investment | European Commission | value added tax (VAT) | tax compliance | tax avoidance | Czech Republic | Europe

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