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31.770.488 - PU 503 | 502 | 501 (Globe+) and 424 (Globe): Changes to petty cash slip 2024 (Czech Republic legislation)

From January 2024 onwards, the VAT rates for the petty cash slip are 12% and 21%. Previously, the rates were 10%, 15%, and 21%. In this product update, you will see 12% and 21% VAT rate on the ...

29.519.531 - Product Updates 420, 419, and 418: VAT return form 2019 version 21 available (Czech legislation)

By Khairunnisa Binti Rosli

Effective April 1, 2019, the Act No. 235/2004 Coll for thevalue added tax has been amended via Act No. 80/2019 Coll, which required a newversion for the VAT return form. With this change, the version ...

29.519.526 - Product Updates 418, 419 and 420: Enhancements to European Union (EU) sales list (Czech legislation)

By Chee Wai Tham

The EU sales list for the Czech legislation is used to generate an XML file for submission to the Czech tax portal. As further improvement, the following has been enhanced: Update t...

29.390.886 - Product Updates 420, 419, and 418: VAT control statement (VCS) improved in Exact Globe Next (Czech legislation)

By Khairunnisa Binti Rosli

Based on the latest amendment to the VAT Act 2019, the VATcontrol statement (VCS) has been improved to support the extended scope ofcorrections of bad debts. The enhancement is applicable to the new p...

28.241.162 - Product Update 416: New options introduced to ease the searching of INTRASTAT transactions (EU legislation)

By Wai Ting Yong

To ease the search of INTRASTAT transactions at Invoice ? Statistics ? Intrastat, theImport and Export options have been introduced. These options areonly applicable to the EU legislation.The option s...

27.290.776 - Product Updates 413, 412 and 411: Automated invoicing enabled for non-VAT payers (Czech legislation)

By Khairunnisa Binti Rosli

Automated invoicing for non-VAT payers has now been madeavailable from this product update onwards as validation is no longer requiredfor the generation of the VAT Control Statement (VCS) report. This...

27.287.259 - Product Updates 413, 412 and 411: Enhanced VAT Control Statement for sections A5 and B3 (Czech legislation)

By Khairunnisa Binti Rosli

In this product update, the VAT Control Statement (VCS) feature(at Finance à VAT à Statistics àVAT control statement) has been further enhanced to accommodatetransactions where there is no debtor or c...

27.268.454 - Product Update 413: VAT Control Statement (VCS) enhanced (Czech legislation)

By Khairunnisa Binti Rosli

In this product update, the VAT Control Statement or VCSfeature has been further enhanced to allow users to regenerate the VCS reportfor the same return period from the VAT Control Statement screen. T...

26.920.294 - Product Updates 411, 410, and 409: VAT Control Statement introduced (Czech legislation)

By Hung Hui Lan

As an obligation to the tax authorities in Czech Republic, the VAT Control Statement or VCS has been made available for submission along with the VAT return effective January 1, 2016. The enhancements...

26.781.969 - Product Update 411: Multiple VAT registration numbers supported for EU sales list report

By Hung Hui Lan

In the European Union (EU), VAT-registered businesses are obligated to supply their tax authorities with an EU sales list, which reports on the supply of goods and services to other VAT-registered cus...

26.361.025 - Product Updates 410 and 409: Electronic returns filing introduced in 2015 (Czech legislation)

By Hung Hui Lan

Starting January 2015, all VAT returns must be filed and sent to the tax authorities in electronic form. Following this new requirement, the XML section has been added to the Value added tax screen to...

25.271.612 - Product Updates 407,406, and 405: Indication on reliability of tax payers and ability to return bank accounts from tax authority introduced (Czech legislation)

By Jo-Anna Goh Li Ping

As of April 1, 2013, the new amendment to the VAT Act (235/2004 Code law) will be effective for the Czech legislation. The adjustments required by the law are:Payments to the creditors should only be ...

24.339.920 - Product Update 405/406: Changes in the Report for tax purposes in accordance with § 92a VAT Act valid from 1.1.2013 (Czech Republic)

By Former employee

Due to the legislation changes in the Czech Republic from 1.1.2013 the form of Report for tax purposes in accordance with § 92a VAT Act has changed.In the section A., there are newly 2 fields for Fina...

24.325.571 - Product Update 406: SEPA Credit Transfer and Direct Debit formats introduced to several countries

By Jo-Anna Goh Li Ping

In this product update, the SEPA PAIN format for SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) has been introduced to various countries. SEPA Credit Transfer (SCT)The SEPA PAIN format PAIN.00...

24.241.340 - Product Update 405/406: New VAT Return since 1.1.2013 - Form 18 (Czech Republic)

By Former employee

Due to the legislation changes in the Czech Republic since 1.1.2013 the VAT Return report has been changed. New Form 18 uses the same VAT boxes, so no change is needed here. There is a possibility to...