- Czech Republic’s VAT system will undergo changes
- Effective from January 1, 2024
- 10% and 15% reduced rates will be consolidated into a single 12% rate
- 22 tax exemptions will be repealed
- Limits on employee benefit deductions will be introduced
- Excise taxes and taxes on gambling activities will be raised
- Enactment is awaiting publication in the Official Gazette for formal implementation.
Source: globalvatcompliance.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.
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