Updated 7.11.2022
I am not VAT-registered and want to calculate whether I will ‘fall into’ registration
The rules for calculating VAT turnover will remain the same, and to study them I recommend my excellent guide How to Calculate Your VAT Turnover Correctly. 🙂
I have already ‘fallen into’ registration, but my turnover is below 2 million Kč
In that case, you will have the option to deregister for VAT. As always, cancelling VAT registration has its own rules and conditions. We will cover VAT deregistration in the next article. 🙂
Another area linked to the mandatory VAT registration threshold is flat-rate tax for the self-employed, for which an amendment has also been approved. I think the current limit of 1 million Kč was relatively low in today’s circumstances, leaving all sorts of people VAT-registered. Raising the threshold should reduce the administrative burden on small businesses. If you are unsure, feel free to get in touch and we will look at it together. 🙂