CZC GVT Fines Waived for VAT Payers


On Sep. 26, CZC GVT published decision in financial bulletin 7/2024.


  • CZC GVT announced fines will be waived for VAT payers affected by recent flooding.
  • Waiver
  • For flooding from Sep. 12, 2024, provided payers report the impact by Nov. 25, 2024.
  • Applies if the control report obligation falls between Sep. 12, 2024 and Oct. 31, 2024.
  • Also applies to VAT payers not directly impacted by the extraordinary event, but whose control report, as of Sep. 12, 2024, was handled by a person affected by the event.
  • Effectiveness
  • VAT payers must report the impact of the flooding by Nov. 25, 2024.

Regulators CZC GVT
Entity Types CNSM; Corp
Reference Bul 7/2024, 9/26/2024; Act 280/2009; Code 235/2004;
Functions Compliance; Financial; Legal; Operations; Reporting; Risk; Tax
Countries Czech Republic
Category
State
Products Corporate; Payments
Regions EMEA
Rule Type Final
Rule Date 9/26/2024
Effective Date 11/25/2024
Rule Id 227822
Linked to N/A
Reg. Last Update 9/26/2024
Report Section EU

Last substantive update on 10/01/2024