Czechia VAT Control Statement

If you have a Czechia subsidiary or nexus and you have the International Tax Reports SuiteApp installed in your NetSuite account, you can generate the VAT Control Statement for the Czechia, in English or Czech, from Reports > VAT/GST > Tax Reports (International).

Important:

To generate the VAT Control Statement for Czechia, use the tax code properties provided by the International Tax Reports SuiteApp. See Czech Republic Tax Codes.

NetSuite gets the values in the report from your transactions, but some boxes in the form may require you to enter data manually. It is important that you save a PDF file of the report for your own records because NetSuite cannot audit manually entered data. For more information, see Generating VAT/GST Reports.

You should review all the values in the statement. To understand how NetSuite uses the tax codes to get the values for the Czechia VAT Control Statement, see What goes into each box - Czechia VAT report.

Important:

The NetSuite VAT Control Statement is designed to look like the official tax form for ease of use, but it is not intended to be printed out for submission to the tax agency. For the Czechia, NetSuite provides an XML file that you can manually upload to the tax agency portal for online filing. You should still review all the values in the report prior to submission.

Czechia Tax Reporting Fields

You must set up the following fields to be added to transaction forms and item records:

Code of Supply - This is found on an item record. This indicates the classification of the supply provided or received by the company.
Regime Code of Supply –This is located on a transaction form. This indicates whether the transaction falls under a special VAT schedule or not.
Date of Taxable Supply (DUZP, DPPD, DUP)– This is found on the Tax Reporting subtab of a transaction form. Enter the date of taxable supply here if it is different from the transaction date. If you leave this field blank, the transaction date will be displayed on the Czechia VAT Control Statement.

Important:

Make sure the Regime Code of Supply field is shown on customized transaction forms. By default, the Show box for the Regime Code of Supply field is checked in the custom form definition. Do not clear this box when you customize transaction forms.

VAT Control Statement Online Filing

The XML file generated by NetSuite complies with the specifications of the tax authority in the Czechia. You can manually upload it to the tax agency portal for online filing. To generate a report, go to Reports > VAT/GST > Tax Reports (International). Select your Czechia subsidiary and click Supplementary. Select VAT Control Statement, then select XML from the dropdown list.

Before generating a VAT Control Statement to be used for online filing, be sure to complete the Tax Filing setup page. For information, see Setting Up Tax Filing for Czechia.

Important:

Make sure that the tax period you select on the VAT Control Statement matches the tax period defined in your tax filing setup.

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