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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