Indirect tax ebook - Czech Republic

Tax rates

• Standard rate 20%
  Most goods and services are standard rated. 
• Reduced rate – 10%
  Reduced rate applies to most of the food and drink goods (spirits, wine and beer excluded), goods for handicapped people, books, newspapers, magazines, construction of flats and family houses, water and heat supply and regular passenger transportation. 
• Exempt supplies – are extensive and include the following broad categories: insurance and financial services, land and buildings, rent of property (there is an option to waive tax exemption in renting of real estate), health and welfare, education, some cultural events, sports or goods and services provided by public bodies or certain other non-profitable entities. 
  
  

• Introduction
• Scope
• Registration
• Tax rates
• Reporting & filing
• General tax application/Time of supply