VAT rate reduction for restaurants and printed media in Czechia

VAT rate reduction from 21% to 15% is applicable for meals served in restaurants from 1 December 2016. From 1 January 2017 extra reduced rate of 10% also applies on newspapers and magazines.

Starting from 1 December 2016 meals in restaurants are subject to 15% VAT rate in Czechia. Reduction is not applicable on alcoholic beverages and tobacco products that will considered sale of goods. The reduced rate is not applicable for canteens in schools and hospitals, where VAT exemption without input VAT entitlement applies.

Reduction of VAT rate from 15% to 10% is planned for newspapers and magazines. Newspapers are for VAT purposes defined as daily or other periodical printed media published at least semi-annually under the same title without stapled leaves. Reduction is not available for newspapers and magazines where ration of advertisement exceeds 50% of their space. Regular VAT rate of 21% will keep applicable for these media.

Latest newsletters

Report on corporate income tax information

SME INFO Nr.2024-1 Hungary – Looking back at the Community directives adopted in previous years, it can be said that companies, established in the EU, increasingly face with harmonised reporting obligations across Member States. Several such reports have already been introduced in Hungary, such as the Country-by-Country (CbC) report to be submitted to the tax authority or the report on payments to governments to be published together with the annual accounts. In this publication, we review the latest corporate tax information reporting requirements, applicable for the first time for the financial year, starting on or after 22 June 2024.

Changes to Act on Social Contribution Tax concerning the tax allowance for labour market entrants

SME QUICK INFO Nr.Q2024-01 –The amendment Social Contribution Tax will affects the preconditions and the period of application of the social contribution tax allowance for employees who are considered to be entrants to the labour market.

Changes for employers in social insurance when employing Agreements to work

Registration is compulsory from 1 July 2024 for all employees with Agreement to work (ATW) as well as for all employers who have only employees with ATW.

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