Albany, NY -- (SBWIRE) -- 04/23/2015 -- Synopsis

Czech fiscal regime report outlines the governing bodies, governing laws, licenses, rights and obligations, and tax-related information for two commodities: coal and uranium.

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Executive summary

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

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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).

Reasons to buy

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

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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.

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