VAT check list

VAT Control Statement functionality is introduced for the Czech requirement. The taxpayer must file the control statement for every tax period, by electronic means, that is required to file the tax return. This must be done within 25 days at the end of the tax period.

The restriction for creating the VAT control statement are:

• Each line has a specific data structure and contents.
• Some lines include totals for all documents only while others contain specific documents.
• Some lines must include items, commodity codes and quantities.
• The statement includes documents that are not present in the VAT Return.
• Statement positions are not identical to VAT Return positions.

The process of creating the VAT control statement includes:

• Defining what is considered a simple document
• Indicating how the data for specific statement lines must be searched
• Adding documents that are not present in the VAT Return
• Linking the data from the VAT Return with the Control Statement data even if that data does not correspond to VAT Return positions
• Checking in detail the data that enter the statement accumulated
• Adding missing data such as items, commodity codes and quantities that are not available during invoice posting, if necessary