The lower chamber of the Czech parliament accepted in the third reading the VAT law amendment on July 23, 2014 that would initiate changes in VAT rates. At present, the standard VAT rate is 21%. Some goods specifically foodstuffs, pharmaceutical products, and some services have a reduced rate of 15%. According to the tax priorities, medicines, books and essential child nutrition have a 10% reduced VAT rate. Additionally, the bill would bring to an end the provisions of the VAT law under which a unified VAT rate of 17.5% were due to apply with effect from January 1, 2016.
Related Posts
Czech Republic: Senate approves income tax treaty with Malta
The Czech Republic Senate has approved the new income tax treaty with Malta on 29 July 2026. The new agreement will
Read More
Barbados, Cyprus, the Czech Republic, and Romania join multilateral competent authority agreement on the exchange of GloBE information (GIR MCAA)
The OECD announced that the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA)
Read More
Czech Republic sets 1 July deadline for top-up tax information returns as OECD guidance takes effect
The Czech Financial Administration released a statement on the Pillar Two global minimum tax forms recently approved
Read More
Czech Republic rolls out Pillar Two tax forms
The Czech government published Decree No. 68/2026 on 20 May 2026, approving tax forms for multinational enterprises
Read More
Czech Republic proposes key VAT amendments for 2027-28
The Czech Ministry of Finance has unveiled two draft amendments to the VAT Act, introducing significant changes
Read More
Czech Republic: Senate approves tax treaty with Kenya
The Czech Republic's Senate (upper house of parliament) has approved the ratification of the pending income tax treaty
Read More