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Chamber of Deputies supports extraordinary tax on refineries

On Tuesday, October 13, the Chamber of Deputies supported in the initial round the government's proposal to introduce an extraordinary tax on refineries. The measure is to affect the refineries in Kralupy nad Vltavou and Litvínov in the Czech Republic. According to the proposal, the tax should bring billions of crowns into the state budget. irozhlas.cz ↗

The government justifies the proposal by the growth in refinery margins, which is related to the situation on the global oil market. The extraordinary tax is meant to respond to the increased revenues of refineries and strengthen public finance income. denik.cz ↗

According to information available so far, the measure will most likely affect only the company Orlen. It operates the refineries in Kralupy nad Vltavou and Litvínov in the Czech Republic. The proposal will now move on to further deliberation in the Chamber of Deputies, where deputies will address its specific form. ihned.cz ↗

Approval in the first reading does not mean the law has been definitively adopted. The proposal must go through further stages of the parliamentary process, after which a decision on the final wording awaits. Only then will it be possible to determine the exact conditions of the extraordinary taxation and the expected benefit for the budget.

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Geographic locations

Location: Czechia
Location: Litvínov
Litvínov, okres Most, Ústecký kraj, Česko
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Politics (General) 📍 česká republika 📍 kralupech nad vltavou 📍 litvínov 🏢 orlen 🏢 poslanecká sněmovna
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