- The Czech Republic government is discussing a consolidation package and VAT.
- Many amendments were submitted during the negotiations.
- One interesting amendment is the unification of the 12% VAT rate on newspapers and magazines.
- The 12% tax rate may also be applied to soft drinks, cut flowers, firewood, and medical devices/equipment.
- The consolidation package includes a ban on VAT deductions for purchasing passenger cars.
- The proposed amendment has shortcomings that do not respect the neutrality of VAT.
Source: dreport.cz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
