Czechia VAT Report
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 Value Added Tax Return for Czechia, in English or Czech. To generate the report, go to Reports > VAT/GST > Tax Reports (International).
To generate the tax report for Czechia correctly, use the tax code properties provided by the International Tax Reports SuiteApp. See Czechia Tax Codes.
NetSuite gets the values in the report from your transactions, but you may need to enter some data manually. It's important that you save a PDF file of the report for your own records because NetSuite can't audit manually entered data. For information, see Generating VAT/GST Reports.
You should review all the values in the report. You can click the values in the boxes of the VAT report to view drill down details. To understand how NetSuite uses the tax codes to get the values for the Czechia VAT report, see What goes into each box – Czechia VAT report.
The NetSuite VAT/GST tax form is made to look like the official tax form for convenience. It's not intended to be printed and submitted 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.
VAT Report Online Filing
The XML file generated by NetSuite complies with the specifications of the tax authority in Czechia. You can manually upload it to the tax agency portal for online filing. To generate a report, see Generating VAT/GST Reports. When the Czechia VAT report is displayed, click Generate XML.
The System Notes subtab lists all the Czechia VAT XML files generated for the selected subsidiary. The list also shows the user name, date, reporting period, and a link to the file for downloading.
Before you generate a report to use for online filing, be sure to complete the Tax Filing setup page. For more information, see Setting Up Tax Filing for Czechia.
Make sure that the tax period you select on the VAT report matches the tax period defined in your tax filing setup.
You can also customize saved reports provided by the International Tax Reports SuiteApp to view both detail and summary reports for purchases or sales, grouped by tax code. For more information, see Sales and Purchase Reports Grouped by Tax Code. For EU sales list and Intrastat reports, see EU Sales List for Czechia and EU Intrastat Report.
Related Topics
- VAT and GST Reporting Overview
- International Tax Reports
- Setting Up Tax Filing for Czechia
- Generating VAT/GST Reports
- International Tax Reports Best Practices
- Czechia Tax Codes
- What goes into each box – Czechia VAT report
- Czechia VAT Control Statement
- What goes into each box — Czechia VAT Control Statement
- EU Sales List for Czechia