In the Czech Republic, the consolidation of the two reduced VAT rates of 15% and 10% into a single 12% VAT rate which is due to take effect  from the 1st January 2024, got one step closer when the bill outlining these changes was signed into law by the Czech President on 22nd November 2023.

The final step before coming into effect is for this bill to be published in the Official Gazette.

If you have any questions on the impact of the above changes on your business, please contact us here.