VAT Update in the Czech Republic in December 2014

Regulatory update 1 minute read

VAT Update in the Czech Republic in December 2014

01 December 2014

As of January 1, 2015 Czech Republic will introduce a new ”reduced” VAT rate of 10% for certain types of goods.

Based on available information, the new “reduced” rate will apply to the following:

supplies of pharmaceuticals
supplies of vaccinations
supplies of x-ray materials
supply of various chemical substances for medical treatment
supplies of books including children books and music books only with the condition that the advertising content is less than 50%
supply of child nutrition.

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