Czech Republic: Change In VAT Rates In 2024

Two rates are due to be introduced in 2024:

• Standard rate: 21%
• Reduced rate: 12%

In detail, the 12% rate will result from the merger of the two reduced rates (10% and 15%) and will mainly concern:

• foodstuffs;
• magazines;
• buildings for residential housing;
• and pharmaceutical products.

At the same time, certain items currently taxed at 10% or 15% will be reclassified as supplies subject to the standard rate (21%). These include

• hairdressing and barbering services;
• draught beer;
• author and art services;
• the collection, transport and storage of municipal waste;
• repairs to shoes, leather goods and bicycles;
• cleaning services;
• firewood and newspapers.

Source Asd-int

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