VAT aspects:
- Merger of the 10% and 15% reduced rates of VAT into a single reduced rate of 12%
- Allowing companies to keep accounts in a foreign currency from 1 January 2024, including in EUR, USD, and GBP, with companies allowed the option if most of their transactions are in a given foreign currency
- Establishing that printed newspapers will be subject to the reduced VAT rate of 12%, as will magazines
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Latest Posts in "Czech Republic"
- ECJ VAT C-513/24 (Oblastní nemocnice Kolín) – AG Opinion – Costs for non-deductible VAT activities do not guarantee proportional deductions
- Czech Tax Authority Launches Campaign to Inspect Online Retailers’ Income Reporting for Tax Compliance
- Czech Republic to Implement Updated NACE Codes from January 2026 for VAT Compliance
- Czech VAT Act 2025: Adjust Unpaid Purchase VAT Deductions After Six Months
- FINTUA Global VAT Guide for September 2025
