Alice Šrámková | 8.10.2024
IFRS 18 Presentation and Disclosures in Financial StatementsTaxes, accounting, law and more. All the key news for your business.
Based on implementation of Regulation (EU) 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics and Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements, changes have been made in the reported data relating to received and dispatched commodities.
One of the changes is a change of terminology – dispatch will be replaced by export of goods to another member of the European Union and reception of goods will be replaced by import of goods from another member of the European Union.
A significant change is the option of simplified reporting for reporting units, which are obliged to return Intrastat (having exceeded the limit of CZK 12m for supply or reception of goods from the EU per year), but will not exceed the annual limit of CZK 20m for reception from or dispatching of goods to the EU (the limit is assessed separately for each direction of movement of goods) and at the same time they do not trade in selected commodities, which are listed in Communication from the Czech Statistical Office on the list of goods not intended for simplified reporting. These reporting units may return Intrastat once a year only.
From 1 January 2022, the codes for the nature of the transaction will also change, the limits for reporting small consignments will increase from EUR 200 to EUR 400, the rounding of supplementary units of measurement will change. Reporting units will further also state the tax identification number of a similar number for VAT purposes allocated to the partner in the EU member state, to which the goods were exported, and the country of origin of the exported goods will also be reported.
All changes to take place from 1 January 2022 are listed in the Intrastat manual in the V22 version (Manual valid for 2022).
Source: Czech Statistical Office www.czso.cz/csu/czso/prehled-nejdulezitejsich-zmen-v-intrastatu-od-1-1-2022