Latest news from Czech Republic

Czech e-book and catering VAT cut

The Czech Republic is proposing to reduce the VAT rate on several goods and services to 10%, including: E-books and digital publications Catering services Domestic cleaning services Domestic water supplies

Czech Republic to introduce generalised temporary reverse charge during 2020

From 1 January 2020, the Czech Republic will introduce the generalised reverse charge mechanism (GRCM) on domestic supplies undertaken in the country. The GRCM is allowed by the European Union in an effort to combat VAT fraud and allows EU member states most severely affected by fraud to apply a GRCM to transactions above a… Read More

Czech Republic bid to introduce generalised temporary reverse charge (GRCM) during 2020

During January 2019, the Czech Republic requested to be the first EU member state to introduce the generalised reverse charge mechanism (GRCM) on domestic supplies undertaken in the country. The GRCM was introduced by the European Union in an effort to combat VAT fraud and allows EU member states most severely affected by fraud to… Read More