- Czech Republic approves consolidation of reduced VAT rates
- Two rates of 15% and 10% will be consolidated into a single rate of 12%
- Change will take effect from January 1, 2024
- Newspapers will also be moved to the new reduced VAT rate
- Bill still needs approval from the Czech Senate.
Source: meridianglobalservices.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
