On 29 July, 2016, a Government Ordinance regarding several regulations of the Customs Law concerning statistics became effective along with the Customs Law amendment. The Ordinance concerns changes in the Intrastat reporting, which is a report detailing actual movement of goods among the EU member states.
The main modification is the unification of the exchange rate between foreign currencies and Czech Crowns: the current scheme of using the exchange rate used for the calculation of the customs value is to give way to utilisation of the exchange rate used by the reporting agents for recalculation of the goods value while calculation of the value added tax. The changes are to take place in September (i.e. in the reports for the months of August) while the July reports is still to comply with the current status quo, which means making use of the customs exchange rate.
Yet another significant alteration to the law is a rise of the value of the goods with which corrections of incorrect or inaccurate data in the Intrastat report are to be made from CZK 1,000 to CZK 10,000. It means that if the goods value does not exceed CZK 10,000, the report need not be corrected.
