Investor Presentaiton slide image

Investor Presentaiton

Other Notes LOCAL REVERSE CHARGE The local reverse charge mechanism applies to supplies of gold, scrap materials and waste, supplies of immovable property, unless they are exempt, construction and assembly works effected between Czech VAT payers. In addition, the reverse charge regime has been temporarily extended to: • emission rights; • • • mobile phones, integrated circuits, tablets, laptops, and videogame consoles; supplies of gas and electricity to dealers and supplies of electricity certificates; telecommunication services; cereal and technical crops, sugar beets; The mechanism shall be applied when the commodities under b),e and f) are supplied between two domestic VAT payers and if the total tax base for all of the selected goods supplies exceeds CZK 100.000. The reverse-charge regime could be applied also to supplies below CZK 100.000, if the contracting parties agree to this treatment in writing. Reverse charge applies also to local supplies of goods effected by a person not established in the Czech Republic and not registered for Czech VAT to a Czech VAT payer. • metals. 105
View entire presentation