Czech cuts restaurant VAT
- Mar 28, 2016 | Richard Asquith
The Czech Republic has become the latest country to cut the VAT rate on catering services, including restaurants and cafes. The rate will drop from 21% to 15% on 1 December 2016.
Sales of alcohol and tobacco products will remain at the higher rate.
Portugal will cut restaurant VAT to 13% next month. Many other EU countries have given similar boosts to their tourism-related services. Ireland claims that such a reduction in 2012 helped create some 30,000 jobs in the sector, one of Ireland's most important industries.