Czech VAT cut to 17.5% gains support |
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3 September 2011 - TMF Group Globalizing Business Read an update on this story of a Czech VAT 1% rate rise Click here to read about the original Czech VAT cut proposal in March 2011 The changes will come in two steps: firstly the reduced rate will be raised to 14% in 2012; secondly, the reduced and standard VAT rates will be merged at 17.5%. The proposal was raised by the existing coalition government, but has been in doubt due to the potential impact on those on lower incomes. |
