Investor Presentaiton

Tax on immovable property Tax on immovable property is composed of tax on land and tax on buildings and units. The tax is payable by owners of immovable property situated in the Czech Republic, and it is calculated as of 1 January of the relevant year. Any changes arising during the year are not reflected. PROPERTY TAX ON LAND Land plots situated in the Czech Republic are subject to the property tax on land. Some plots are exempt from the tax, e.g. plots of land with taxable buildings or land used for miscellaneous purposes defined in the Act. 89

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