The President vetoed the government's bill that called for a basic VAT rate decrease

The President, V. Klaus, vetoed the government's bill that called for (i) a basic VAT rate decrease from 22% to 19% and (ii) the reclassification of several goods and services from the lower 5% class to the basic class. The bill is a part of the government's public reforms; the veto is likely to be out-voted by the lower house of Parliament at its next session beginning April 20; 101 votes out of 200 seats are required for approval.

Jan Hájek, Patria Finance