- Czech Republic Parliament approved a VAT rate consolidation
- New reduced VAT rate of 12% introduced
- Current reduced VAT rates of 10% and 15% abolished
- Czech President signed the law confirming the VAT rate consolidation
- Legislative process to conclude with publication in the Official Gazette
Source: kofax.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.
