VAT registration limit from the current CZK 1 million to CZK 2 million and reclassify some foodstuffs and beverages from the tax rate of 15% to 10% or 21%

The draft amendment to the VAT Act, which should increase the VAT registration limit from the current CZK 1 million to CZK 2 million and reclassify some foodstuffs and beverages from the tax rate of 15% to 10% or 21% starting next year, has not yet been discussed in the Chamber of Deputies. We expect the amendment to be submitted to the Senate in November.

Source: Deloitte CZ

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