Windfall tax schválena senátory

Windfall tax approved by senators

We keep you informed about the process of introducing a special tax aimed at "windfall" profits - the so-called windfall tax.

A few weeks ago, the text of the proposed amendment to introduce the windfall tax was officially published in the form of an amendment to Chamber Document 254.

Already on Friday, 4 November 2022, the third reading of this motion took place in the Chamber of Deputies.

Although there were originally several amendments concerning different parameters of the windfall tax - none of them was finally adopted (except for a minor legislative clarification). The main parameters of the windfall tax are therefore in line with the original ministerial proposal - we have summarised the main ones HERE.

The Senate also maintained the speed of the process and already on 24 November 2022 approved the amendment in question as referred by the Chamber of Deputies (i.e. with no further amendments).

So the question now is whether the approval process will be delayed by the President.

Further, it will be interesting to see any (indicated in the press) lawsuits by affected taxpayers.

We will be happy to discuss everything around this topic with you. If you have any questions, please contact the authors of the article or the EY tax team you are working with.

Authors:

Lucie Říhová

Karel Hronek

Radek Matuštík