The Czech parliament approved the windfall tax proposal on Friday after junior coalition partners of the ODS of Prime Minister Petr Fiala backed down from their amendments.
The approved version thus reflects Finance Minister Stanjura’s proposal of a 60% levy on the profits of selected companies in the years 2023-2025 exceeding 120% of their 2018-2021 average. The measure still needs to be passed by the Senate and then signed into law by the president.
The tax aims to collect extraordinary profit from large energy, banking or refinery companies which these have been making on the energy crisis and the…
