The Czech Republic’s Finance Ministry is facing criticism for its proposal to change the Value Added Tax (VAT) system and revise VAT rates. According to a plan by the Finance Ministry, there would only be two VAT rates instead of three. There would only be 14 percent and 21 percent rates, as opposed to the current rates of 10 percent, 15 percent, and 21 percent. What else?
Source: fiscal-requirements.com
Latest Posts in "Czech Republic"
- ECJ Upholds Czech Joint VAT Liability in Fuel Fraud Case, Validates EU Law Compliance
- Obligation to Correct VAT Deductions on Unpaid Invoices Effective January 2025
- Czech Republic Enacts New VAT Rules for Unpaid Invoices Starting January 2025
- Czech Small Businesses Gain Flexibility with Quarterly VAT Returns Starting 2025
- Reminder: Submit 2024 EU VAT Refund Applications by September 30, 2025 Deadline
