VAT news tagged as "Medicines"

Czech Republic

Czech Republic considers new reduced VAT rate

December 19th, 2013

The Czech coalition government is considering introducing a new, reduced VAT rate for medicines. EU rules on reduced VAT rates The EU VAT Directive permits two reduced VAT rates below any member state’s standard VAT rate.  These rates may not go below 5%.  Currently, the Czech Republic only has a single reduced VAT rate of …