Home page / Messages / Changes in the VAT rate and compulsory insurance
Changes in the VAT rate and compulsory insurance
sunday, 1 January 2012

In 2012, the first stage of the budget reform prepared by Finance Minister Miroslav Kalousek enters into force. The adopted reform provides for a two-stage introduction of a flat VAT rate (probably 17.5%) by 2013.

Changes in the VAT rate and compulsory insurance

For this reason, in 2012 the reduced VAT rate will be increased by four percentage points to 14%. Basic rate - 20% does not change. Products and services subject to a reduced rate (passenger transport, food, medicines, social housing, books, culture) will not change either.

When issuing invoices, pay close attention to the date of sale. Goods and services sold in the previous year, or those for which the payment was made in 2011, we settle with the old VAT rate, even if the invoice itself is issued in the New Year.

In connection with the update of statistical data on average salary in the country, contributions for compulsory retirement and health insurance will slightly increase. The minimum advance payment of social insurance from the month of contribution settlement for the previous year is CZK 1,836 (change by 29, -). Persons paying sickness insurance from February 2012 should increase the minimum contribution to CZK 115 (from the previous 92, -).

The minimum advance payment for health insurance from January 2012 (payable until February 8, 2012) is CZK 1697 and is 27 crowns higher.

business Contact data

Šafránice 555
547 01 Náchod 1
Czech Republik
VAT ID: CZ8410083946

Phone +420 774 68 24 00
account_balance_wallet Average Rate Currency

EUR 1.6556 AUD
EUR 25.228 CZK
EUR 0.85400 GBP
EUR 393.00 HUF
EUR 4.3508 PLN
EUR 11.6793 SEK
EUR 1.0638 USD
© 2010 - 2024 Jakub Piotr Sowiński