Documents needed to start
- Articles of Organisation/ Articles of Incorporation/ Business Extract.
- Directors proof of address X2: these can be electricity/water/phone bills or bank statements.
- Valid passport.
- AVASK application form.
- Company Bank Statement.
Required registrations and timeframes:
- VAT (EU Based): 4-8 weeks
- VAT (ROW): 4-8 weeks
- Takeover: 1-2 weeks
Documents requested by the Tax Office
- Hand-signed Power of Attorney
VAT Number Format: CZ1234567890
Filing Frequency: Monthly.
Filing & Payment Deadline: Filing & Payment due 25 days after filing period ends.
Repayments: Repaid to the usual payment account automatically within 30 days, for credits over 200 CZK
VAT Rates:
- Standard: 21%
- Reduced Rate: 12% (applies to food and medical equipment); 0% (books)