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Doing Business in Czech Republic
The Czech Republic is a country with strong fundamentals, mainly in industries such as engineering, metallurgical, construction, or food industry.
The repo rate is of three interest rates set by the Czech National Bank through which the central bank steers inflation in the intended direction. Nevertheless, today's article will not discuss the impact of changes in this rate on the monetary policy of the state, but rather its impact on taxpayers.
The development of the DAC guidelines
In today's edition of our newsletter, I would like to briefly inform you about the status of the so-called DAC (Development Assistance Committee) guidelines.
Temporary reduction of excise duty on fuel
In an effort to mitigate the impact of surge prices of petrol and diesel, a proposal for a temporary reduction in excise duty by CZK 1.50 per litre from the beginning of June 2022 to the end of September 2022 was introduced. This proposal was approved by the Chamber of Deputies in an accelerated legislative process in the first reading and was sent to the Senate for negotiation, which approved it on 11 May 2022. Now, after the President's signature, it is awaiting the publication in the Collection of Laws.
Earlier issues of Crowe news
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