Czech Government Proposes Major VAT Reforms Including 0% Rate on Prescription Medicines

0% VAT rate proposed for prescription medicines.
Unified 12% VAT rate for restaurant, catering services, and non-alcoholic beverages.
Plan to negotiate higher mandatory VAT registration threshold above CZK 2 million at the EU level.
Shortening VAT reclaim period on unpaid invoices from six to three months.

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.