PROUD CONSUL

New Rule in a Nutshell: From 1 January 2025 , Czech VAT law ( §74b of Act 235/2004 Coll. ) says : if you’ve claimed input VAT on an invoice and don’t pay it within 6 months after due date , you must give the VAT back  to the tax office. No supplier credit note needed – you simply reverse it yourself Partial payments? Then you reverse only the VAT on the unpaid slice Pay later? You can reclaim it (but only within 2 years ) Who’s Hit the Hardest? B2B buyers:  Cash-flow tight?