Analysis of Potential Impacts of Inclusion of Locally Supplied Services into Reduced VAT Rate on the Suppliers of these Services
Member States of the European Union are in accordance with the Community law allowed to include locally supplied services into reduced value added tax rates (hereinafter referred to as “VAT rates”) without time restriction. In the Czech Republic there has not yet been a sufficient political will to...
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| Format: | Article |
| Language: | English |
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Masaryk University
2010-09-01
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| Series: | Financial Assets and Investing |
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| Online Access: | http://is.muni.cz/do/econ/soubory/aktivity/fai/17809295/FAI_issue2010_01_randova.pdf |
| Summary: | Member States of the European Union are in accordance with the Community law allowed to include locally supplied services into reduced value added tax rates (hereinafter referred to as “VAT rates”) without time restriction. In the Czech Republic there has not yet been a sufficient political will to implement this possibility into the legislation. The purpose of this paper is to analyse the potential impact of the relevant Directive implementation into the Czech VAT Act on the tax liability of the suppliers of these services. The paper is based on the comparison of the national legislation and the Community law, and their analysis. Moreover, the deductive method is used in this paper. |
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| ISSN: | 1804-5081 1804-509X |