Late VAT return filings & late payment - Czech Republic – hellotax Global S.L

In the Czech Republic, late VAT return filings and late payments result in penalties and interest. Here's what you need to know:

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.

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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