President Klaus signs law on lower tax for coffee, tea and sweets

President Klaus has signed a law re-classifying some food products into a lower tax bracket. Coffee, tea, and chocolate are among the goods that will now be taxed at the lower 5% rate, rather than the previous rate of 19%. According to food producers, the change in tax rates is likely to effect prices on store shelves, though the new prices are not likely to be discounted by the full 14% difference.