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VAT Rate changes from January 1, 2013

edited Dec 6, 2019 3:30PM in General 3 comments

Starting January 1, 2013, a number of countries will increase their VAT rates:

Czech Republic - Standard rate of 21%; Reduced rate of 15%

Cyprus - Standard rate of 18% (effective January 14)

Finland - Standard rate of 24%; Reduced rate of 14%; Special reduced rate of 10%

New tax codes need to be created to reflect the new rates. Instructions on how to make these changes can be found in the NetSuite Help Center – ‘Managing Tax Rate Changes’. Please contact NetSuite Support if you need further help.

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