Czech reduced VAT raised from 10% to 20%

19th February 2011

 

The Czech Ministry of Finance has confirmed that the reduced VAT rate will be merged with the higher standard rate of 20%.  The means that many goods, including foodstuffs, will now be liable to the top rate of tax.  This VAT hike has been brought in to fund a reform of the pay-as-you-go pension scheme.

Click here to receive our FREE VAT news updates.

The TMF Group is the leading independent provider of global accounting and corporate secretarial services. 
 
bottom illustration of a fence