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Vat reduction

On 14 February 2017, Act No. 33/2017 Coll. was published in the Collection of Laws, amending Act No. 235/2004 Coll., on Value Added Tax, as amended (hereinafter referred to as the “VAT Act”). As a result of this legislative change, the VAT rate for newspapers and magazines is reduced from 15% to 10%.

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