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Czech cuts newspaper VAT to 10%

  • EU VAT
  • 17 December 2016 | Richard Asquith

Czech cuts newspaper VAT to 10%

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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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.