The Czech Republics Mining Fiscal Regime: H1 2014

Published: Jul, 2014 | Pages: 14 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Czech Republic fiscal regime report outlines governing bodies, governing laws, mining permit and key fiscal terms covering two commodities: coal and uranium. 

Summary
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). 
Reason To Buy
Gain an overview of Czech Republic's mining fiscal regime. 
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The Environmental Impact Assessment is regulated by Act no. 100/2001 Coll., which superseded the original Act No. 244/1992 Coll.

 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 Timetric 11
6.6 About Timetric 11
6.7 Timetric'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