- The General Financial Directorate in the Czech Republic has published information on changes to VAT rates from January 2024.
- The information includes details on the definition of selected beverages and potable water, tax rates for various services and products, tax exemptions, and reduced tax rates for specific industries.
- There is also information on the application of VAT on selected passenger cars, including the definition of these cars, calculation of VAT deduction limits, and reporting requirements.
- The information does not provide an explanation of the limitation of the right to deduct VAT on demo cars.
Source: kpmg.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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