Czech Republic to Change VAT Rates from 2024
The applicable VAT rates in the Czech Republic are due to be amended from 2024 as part of a package of proposals from the government.
According to the proposals, the current reduced VAT rates of 10% and 15% will be merged into a new single reduced VAT rate of 12%.
Additionally, certain currently reduced-rated goods and services are due to be reclassified and become subject to the standard VAT rate. Lastly, books will become zero-rated.
These changes are part of a broader package of proposals from the Government that aims to, on the one hand, mitigate the impact of inflation on consumers and, on the other hand, stabilize the countryβs budget. If these measures go ahead, the new VAT rates would apply from January 2024.
