Czech Republic – Consolidation of the reduced VAT rates into a single 12% rate approved by Lower Parliament

The Czech lower house of Parliament has approved the proposal of consolidating the two reduced VAT rates of 15% and 10% into a single VAT rate of 12% from the 1st January 2024. The proposal also includes moving newspapers from the standard VAT rate to this new reduced VAT rate.

The Bill is subject to the approval of the upper house of Parliament, the Czech Senate.