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Investor Presentaiton

Customs duties As the Czech Republic is an EU member state, customs matters are governed by EU law. Cus- toms duties are payable on goods imported from outside the EU. Customs rates depend on the type of goods. The Czech Republic has an Inward Processing Regime (IPR), which effectively allows a Czech manufacturer to import, process and export goods exempt of customs duty and VAT. Excise duties Excise duty is payable on hydrocarbon fuels and lubricants, wine, spirits, beer, and tobac- co 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 ware- house. Once removed from the tax warehouse, they must be released into free circulation and excise duty must be paid. The regime of the suspension exemption can be applied if excise goods are transported to another EU member state or exported. Energy taxes Energy taxes include tax on natural gas and other gases, electricity and solid fuels. Only supplies of such products delivered within the Czech Republic are subject to tax. The rules for energy taxes are harmonised within the EU. The rates of energy taxes are fixed at a set amount per unit for each group of products. An exemption from energy tax may be claimed under certain conditions, e.g. if the energy is used in metallurgical or mineralogical pro- cesses, the electricity is generated from renew- able sources or natural gas and other gases are used for the production of heat for households and heating facilities. 75
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