New VAT rate proposals in Czech Republic

31 July 2014

The Czech government is to introduce a second reduced VAT rate of 10% to be implemented by January 2015. The new rate will apply to pharmaceuticals, e-books and baby food products.

Alongside the 10% reduced rate proposal, there were also proposals for a 5% reduced rate and a VAT rate simplification (combining the standard rate of 21% with the 15% reduced rate to create a 17.5% VAT rate). However, these were rejected.

LATEST NEWS

Polish Ministry of Finance issues new National...

The Polish Ministry of Finance recently announced a round of nine public consultations ahead of a newly proposed July 2025 launch date of KSeF B2B e-invoicing...

SEE MORE
VAT news
LATEST NEWS

UPDATE: Belgium confirms the introduction of mandatory...

During February 2024, the Bill legislating for mandatory B2B e-invoicing in Belgium was gazetted, confirming the introduction of an e-invoicing regime from 1...

SEE MORE
VAT news
LATEST NEWS

Senegal introduce VAT on e-services for non-resident...

During the 2023 Finance Act, the Ministry of Finance confirmed that from 1 April 2024 it will introduce VAT on the sale of digital services by non-resident...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.