08.04.23

The Czech Republic – VAT rate consolidation

Kofax has been monitoring tax rate changes in The Czech Republic, which edge closer to the final approval stages to implement an upcoming VAT rate consolidation projected for January 2024. You can read more about the proposed changes here. 

In recent developments, the lower Czech house in Parliament has agreed to government proposals for the VAT rate consolidation, with the Bill now expected to proceed to the Upper House for review. 

Kofax is cognizant of the impending 1 January 2024 deadline. We are closely following the VAT rate change approval in the Czech Republic and will support the VAT rate change if and once confirmed.