Czech VAT changes valid from 2024

Instead of three rates of value added tax (VAT) in Czech Republic, there will be only two from 2024. The relevant amendment still has to be formally approved. The basic VAT rate will remain at 21 percent. The reduced rate will be 12 percent (so far there are two reduced rates: 10 and 15 percent). There will be zero tax on books.

17.05.2023

0% VAT rate in Czech Republic from 2024 would be for the following products:

books

12% reduced VAT rate in Czech Republic from 2024 would be for the following products:

food (excluding drinks), gluten-free products
drugs and pharmaceutical products
medical devices
construction work
water supply and sewer services
heating
passenger transport, bus transportation
accommodation services
catering services
tickets to theatres, cinemas, sporting events, zoos, swimming pools, gyms
magazines
car seats for children
funeral services

21% will be a regular VAT rate in Czech Republic in 2024.

If you need a help with classification of products and their correct VAT rate, do not hesitate to get in touch with our experts. We are happy to discuss and revalidate the VAT settings in your company. Our accountants and advisors are at your disposal.

Please be aware that the proposal might be amended. Proposed changes in VAT still needs to be formally approved.

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