According to the VAT Act § 110ze, the calculated VAT value
is not rounded — it is expressed to two decimal places.
VAT Act No. 235/2004 Coll.
§ 110ze
Tax Calculation
(1) Tax shall be expressed in euros to 2 decimal places without rounding.
(2) For the purposes of expressing the tax in euros, the exchange rate used for conversion shall be that of
a) the European Central Bank published for
1. the last day of the tax period, or
2. the nearest subsequent day, if no rate is published for the last day of the tax period
In Flexi, when generating the summary data for Summation by country and currency or Declaration lines, the following columns are available: Base (currency), VAT (currency), OSS – Base (EUR), OSS – VAT (EUR), OSS – Calculated VAT (EUR).
The value shown in OSS – Calculated VAT (EUR) is the value that is included in the OSS VAT return.
Issued invoice
