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
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