The Czech Republic’s Mining Fiscal Regime: H1 2014

The mining industry is governed by the Czech Geological Survey and the Ministry of Environment. Act No. 44/1988 Coll. governs the mining of mineral resources in the Czech Republic, and establishes principles for the protection and economical utilization of mineral resources, especially in prospecting and exploration work, opening, preparation and extraction of mineral deposits.

Scope

The report outlines Czech Republic’s governing bodies, governing laws, mining permits and key fiscal terms which includes, Corporate Income Tax (CIT), Withholding Tax, Road Tax, Real Estate Tax, Depreciation Rates, Loss Carry Forward and Value Added Tax (VAT).

Key Highlights

• Formed in January 1990 by Act no. 173/1989 Coll., dated December 19, 1989, the Ministry of Environment (MoE) is the central state administrative authority and supreme inspection authority in environment affairs.

• The Czech Geological Survey was established in 1919 to provide a state geological service for the Czech Republic.

• Act No. 44/1988 Coll. Governs the mining of mineral resources in the Czech Republic.

• The Environmental Impact Assessment is regulated by Act no. 100/2001 Coll., which superseded the original Act No. 244/1992 Coll.

Reasons to buy

Gain an overview of the Czech Republic’s mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary 1

2 The Czech Mining Industry – Governing Bodies 5

2.1 Ministry of Environment 5

2.2 Czech Geological survey 5

3 The Czech Mining Industry – Governing Laws 6

3.1 Mining Act 6

3.1.1 Environmental impact assessment (EIA) 6

4 The Czech Mining Industry – Mining Permit 7

4.1 Permit for Mining Activity 7

5 The Czech Mining Industry – Key Fiscal Terms 8

5.1 Corporate Income Tax (CIT) 8

5.2 Withholding Tax 8

5.3 Road Tax 8

5.4 Real Estate Tax 8

5.5 Depreciation Rates 8

5.6 Loss Carry Forward 9

5.7 Value Added Tax (VAT) 9

6 Appendix 10

6.1 What is this Report About? 10

6.2 Methodology 10

6.3 Secondary Research 10

6.4 Primary Research 11

6.5 Contact GlobalData 11

6.6 About GlobalData 11

6.7 GlobalData’s Services 12

6.8 Disclaimer 13

List of Tables

Table 1: The Mining Industry in the Czech Republic – Fiscal Regime Terms and Other Taxes (%), 2014 1

Table 2: The Mining Industry in the Czech Republic – Depreciation by Asset Class (in years), 2014 8

Table 3: The Mining Industry in the Czech Republic – Depreciation Tax (%), 2014 9

List of Figures

Figure 1: The Mining Industry in the Czech Republic – Commodity Mines at Different Stages (Number of Mines), 2014 1

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