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Czech Republic

Overview of country specific accounting and VAT/Tax legislation

Accounting Requirements

Accounting Books:
  • Trial Balance, P&L, Balance Sheet
  • Trial Balance Reports
Other Requirements:
  • National Chart of Accounts
  • Split of unrealized and realized exchange rate gain/loss
  • “Grossing up” when selling Fixed Assets

VAT/Tax Requirements

Applicable Types
  • VAT (IVA)
  • VAT fulfilment Date
VAT/Tax Books:
  • VAT Ledger of purchase and sales


Requirements that exist in most countries, e.g. documentation of transactions, Annual Accounts or periodic reporting of VAT totals, are NOT listed above if no specific legislation exists about format or content.


DISLAIMER: No responsibility is taken of the correctness of above information. The specific accounting and VAT/Tax requirements for a company should always be confirmed with local auditors. The listed issues may not be applicable for all types of companies as well as additional issues may exist depending on the specific type of business.