30 November 2023
The Czech parliament has now given its approval to consolidating the country’s two reduced VAT rates of 10% and 15% into a consolidated rate of 12%, as well as to reduce the VAT rate on physical books to zero.
This will take effect from 1 January 2024. The two reduced rates currently apply to the following supplies:
- 10% - Baby and gluten-free foodstuffs, newspapers, certain pharmaceutical goods and services, accommodation, restaurants and hospitality services, certain books and e-books, and admission to cultural events.
- 15% - Certain foodstuffs, non-alcoholic beverages, takeaway food, certain medical goods, certain passenger transport, certain books, e-books, and amusement parks
There will be no change to the standard VAT rate of 21%.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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