Czech Republic moves up in KPMG’s global VAT rate chart
The Czech Republic has moved up by seven notches to 14th place in KPMG’s global chart of VAT rates. This is due to an increase in the basic VAT rate to 21 percent in January of this year, while the average global basic VAT rate is 15.55 percent. The European average VAT rate is 20.5 percent. The tax burden on Czechs is thus higher than the global, as well as European average.