Czech cuts newspaper VAT to 10%
- Dec 16, 2016 | Richard Asquith
The Czech parliament has approved a reduction of the VAT rate on newspapers and journals from 15% to 10%. The change will apply from 1 January 2017.
The cut is to provide a tax subsidy to an industry hit be declining sales. To qualify for the new rate, a paper must contain at least 50% or more of advertising.
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