Changes to import and export value thresholds in the INTRASTAT system for the Czech Republic
As of Jan. 1, 2024, new regulations went into effect in the Czech Republic to increase import and export value thresholds, which were approved by the government in order to streamline the INTRASTAT trade statistics system and ease the burden on tax and customs authorities. These changes have important implications for e-commerce entrepreneurs, especially those who sell online on the Czech market. This is particularly important given the growing interest in the Czech market by large marketplaces such as Amazon and Allegro, and companies such as Baselinker. As a result, it becomes essential for online sellers to have up-to-date knowledge of tax regulations and rules for accounting for foreign sales in the Czech Republic.
Increase in basic thresholds for reporting the value of goods
The first major change is an increase in the basic thresholds for reporting the value of goods. The previous threshold of 12,000,000 Czech crowns (CZK) has been increased to 15,000,000 CZK for both goods exported to and imported from other EU member states. For e-commerce entrepreneurs, this means a change in reporting obligations, which may require adjustment to the new regulations and procedures.
In the context of these changes, there are various scenarios that INTRASTAT reporting entities may face:
- A reporting entity that has not reached the reporting threshold (12,000,000 CZK) in 2023 is not required to report data for the period from January 2024. However, if it reaches the reporting threshold (15,000,000 CZK) during 2024, it must register for data reporting at the local customs office after exceeding the threshold and is required to report data to INTRASTAT until at least the end of 2025.
- A reporting entity that has reached the reporting threshold (12,000,000 CZK) in 2023 must continue reporting if it does not reach the new reporting threshold (15,000,000 CZK) in 2024. However, if it does reach the threshold, it is required to report data until at least the end of 2025.
Increase in specific thresholds for reporting the value of goods
Another significant change is an increase in the detailed thresholds for reporting the value of goods, i.e., the thresholds above which a more extensive INTRASTAT declaration is required. As of January 1, 2024, the value of the detailed thresholds increased from CZK 20,000,000 to CZK 30,000,000.
You can find the INTRASTAT rates applicable in other countries on our website: Current Intrastat thresholds and VAT rates in Europe.
The changes are aimed at facilitating the monitoring and reporting of trade data and reducing the burden on tax and customs authorities. Entrepreneurs operating in the e-commerce industry in the Czech Republic should follow these changes and adjust their reporting procedures in accordance with the new regulations to avoid possible consequences related to improper reporting of INTRASTAT data. We always recommend consulting with experts in the field to verify INTRASTAT rates and ensure compliance with current regulations and optimize reporting processes: Contact us – amavat ®.
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Iga Turniak
