VAT Update in the Czech Republic in 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.
 
Regulatory update

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