Late VAT return filings & late payment - Czech Republic
In the Czech Republic, late VAT return filings and late payments result in penalties and interest. Here's what you need to know:
Late Filing Penalties:
- A penalty of 0.05% of the payable VAT amount per day.
- This penalty is applied only if the total penalty would be 1000 CZK or more.
- If the penalty would be less than 1000 CZK, no penalty is imposed.
Late Payment Interest:
- Interest is calculated on the overdue amount.
The current interest rate is 11.75%, but this may change based on the rates set by the Czech National Bank.
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verified - 10.02.2025 - EA
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