APPLICATION OF LOCAL REVERSE CHARGE ON ELECTRICITY AND GAS IN B2B FROM 1.2.2016

Based on the resolution of the Czech government the supplies of gas and electricity to traders with these commodities will be subject to the local reverse charge treatment starting from  1 February 2016.

Newly, there will be also a possibility of applying the reverse charge regime voluntarily for supplies of selected goods worth up to CZK 100 thousand which are presently subject to reverse charge only if the supply is worth more than CZK 100 thousand (cereals, metals, cell phones etc.). Adoption of reverse charge regime is conditional to mutual written agreement between supplier and customer.