Czech Republic cuts VAT on hotels and events
- Jun 12, 2020 | Richard Asquith
The Czech Republic is considering a reduction in the Value Added Tax rate on hotel accommodation, ticket entrance to cultural, theatre and sports events from the reduced rate of 15% to 10%.
The cut would help such venues as lockdown eases to encourage consumers to spend and/or give organisers a profit boost.
The legislation is now cleared the lower house of Deputies. It next moves to the Senate.
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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 can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
