Investor Presentaiton

Excise Duties Excise duty is payable on mineral oils, wine, spirits, beer, and tobacco products. Excise duties are fixed at a set amount per unit for each group of products. The Czech Act on Excise Duty implements EU rules governing the production of excise goods and their release into free circulation. They must generally be produced in a tax warehouse. Once removed from the tax warehouse, they must be released into free circulation and excise duty must be paid. A suspension exemption can be applied if excise goods are transported to another EU member state or exported. 108

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