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Czech Parliament Approves COVID-19 Package Including Loss Relief and VAT Rate Reduction

On 16 June 2020, the Czech parliament approved the 10% reduced VAT rate extension to accommodation services, admission to cultural events and sporting events, admission to sports grounds (including lift tickets), and admission to saunas and other similar facilities. The Minister of Finance also waived the obligation to pay VAT on select goods provided gratuitously (donations of face masks, protective gloves, COVID-19 test kits, ventilators, thermometers, etc., including the donation of materials needed for the production of the specified goods).

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