The Czech Republic’s Mining Fiscal Regime: H1 2015

The Czech Republic produces three types of coal: bituminous, brown and lignite. 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 the governing bodies, governing laws, licenses, rights, obligations, and key fiscal terms which includes corporate income tax, withholding tax, road tax, real estate tax, depreciation rates, loss carry forward and value added tax (VAT).

Key Highlights

• The Ministry of Environment (MoE) is the central state administrative authority and supreme inspection authority in environment affairs.

• The Czech Geological Survey is a national organization with statutory responsibility to gather, store and interpret geological information.

• Mining Act governs the mining of mineral resources in the Czech Republic. It's purpose is to establish principles for the protection and economical utilization of mineral resources, especially in prospecting and exploration work.

• The purpose of the Environmental Impact Assessment is to reduce the detrimental environmental impact of the evaluated projects and plans.

Reasons to buy

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

Companies mentioned

Table of Contents

1 Executive Summary

2 The Czech Mining Industry – Governing Bodies

2.1 Ministry of Environment

2.2 Czech Geological Survey

3 The Czech Mining Industry – Governing Laws

3.1 Mining Act

3.1.1 Environmental impact assessment (EIA)

4 The Czech Mining Industry – Mining Permit

4.1 Permit for Mining Activity

5 The Czech Mining Industry – Key Fiscal Terms

5.1 Corporate Income Tax (CIT)

5.2 Withholding Tax

5.3 Road Tax

5.4 Real Estate Tax

5.5 Depreciation Rates

5.6 Loss Carry Forward

5.7 Value Added Tax (VAT)

6 The Czech Mining Industry – Future Development

7 Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Secondary Research

7.4 Primary Research

7.5 Contact GlobalData

7.6 About GlobalData

7.7 GlobalData’s Services

7.8 Disclaimer

List of Tables

Table 1: The Mining Industry in the Czech Republic – Fiscal Regime Terms and Other Taxes (%), 2015

Table 2: The Mining Industry in the Czech Republic – Depreciation by Asset Class (in years), 2015

Table 3: The Mining Industry in the Czech Republic – Depreciation Tax (%), 2015

List of Figures

Figure 1: The Mining Industry in the Czech Republic – Commodity Mines at Different Stages (Number of Mines), 2015

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