The Czech authorities recently amended the VAT law to make the regulation for rounding clearer and to avoid the double rounding of cash payments.
Antonia Klatt
Last Updated on 28 November 2019
The VAT law in the Czech Republic was adapted to unify the amount of tax calculated (using both the top-down and the bottom-up calculation approach) and to eliminate the “double” rounding of cash payments when the first rounding concerns the calculated tax and the second one the total amount of the VAT payment.
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