Value added: guarantee for unpaid tax
Sunday, 28 July 2013 15:04

An amendment to Act No. 235/ 2004 Coll., on Value Added Tax, came into force as of 1 April 2011 and introduced a completely new institute in the area of VAT, a guarantee for unpaid tax. Pursuant to this law, a customer - VAT payer who has received a taxatable performance in the territory of the Czech Republic from any taxpayer who intentionally did not pay the VAT on this performance or reduced their tax obligations in any other manner may become a guarantor for the unpaid tax. An important fact for the application of this institute is that the recipient of the taxable performance should or could known of this intention. In this respect, the recipient´s unconsious negligence is deemed sufficient. Another possibility of applying the guarantee is in the case of identifying a transaction for obviously unusual price without any economic explanation. In such a case, the performance is presumed to be affected by a tax evasion. The guarantee does not apply if the recipient (customer) applies the institute of the so-called special security with respect to the tax. In such a case, the recipient pays the VAT on the taxable performance instead of the provider.

 
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