Bloomberg News

Czech Premier Proposes to Raise One Sales Tax Rate, Ihned Says

October 16, 2012

Czech Prime Minister Petr Necas proposed raising only one of two sales-tax rates as he seeks to appease lawmakers opposed to higher taxes, Ihned.cz reported, without citing anyone.

The government bill designed to cut the budget deficit originally envisaged a one percentage-point increase in both sales-tax rates, to 15 percent and 21 percent, respectively. Necas now proposes to raise only the lower rate, the website of Hospodarske Noviny newspaper said.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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