This means that companies with annual turnover up to CZK 15,000,000 in 2024 will be allowed to file VAT returns on a quarterly basis rather than monthly, reducing the administrative load.
Read more in our Czech VAT guide.
To take advantage of this option, eligible businesses must indicate the change by selecting the appropriate tax period code in their final VAT return for 2024, which is due by January 2025. Crucially, the business’s turnover during 2024 must not exceed CZK 15 million to qualify.
This reform aims to ease compliance and cut red tape for small and medium enterprises, allowing them to better manage their VAT obligations without the strain of monthly filings.
Comparison: VAT Reporting for Small Businesses in Poland & Slovakia
Poland
Standard VAT reporting is monthly, but:
Quarterly VAT returns are available for small taxpayers, defined as those with annual turnover up to EUR 2,000,000 (~PLN 9.3 million).
However, quarterly reporting is not allowed during the first 12 months of VAT registration.
Businesses using cash accounting or operating under the VAT exemption threshold (PLN 200,000/year) may have simpler obligations.
VAT returns are generally monthly, but:
Businesses may apply for quarterly VAT reporting if their turnover in the previous calendar year did not exceed EUR 100,000.
The request must be approved by the Slovak tax authorities, and the switch usually takes effect from the beginning of the next quarter.
The option is only available to established VAT payers, not newly registered entities.