Introduces a windfall profits tax at 60 per cent rate for energy companies
24 Nov 2022
On 24 November 2022, the Czech Senate introduced a temporary tax on the extra profits of companies in the fields of energy production, petroleum, trading, banking, extraction and processing of fossil fuels that meet certain annual turnover thresholds. The 60 per cent tax surcharge will apply for a period 2023 to 2025 in addition to the standard corporate tax of 19 per cent. The law comes into force on 1 January 2023.
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Type:
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Treatment and operation (Corporate taxation)
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Treatment and operation (Operational conditions)
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Industry:
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of coke and refined petroleum products)
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Services (Electricity, gas, steam and air conditioning supply, Transportation and storage, Financial and insurance activities)
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Sources:
