- The Chamber of Deputies approved an amendment to the VAT Act in line with the Ministry of Finance’s proposal.
- The amendment abolishes two reduced VAT rates and introduces a single reduced rate of 12%.
- Opposition amendments were not adopted.
- The amendment also includes a ban on VAT deductions for the purchase of M1 passenger cars, except for ambulances and concessionary passenger transport vehicles.
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.
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