Czech Republic: Changes that could affect scope of “windfall tax” on fuel

Statistical classification of economic activities according to the CZ-NACE

Statistical classification of economic activities according to the CZ-NACE

The Czech Statistical Office updated the statistical classification of economic activities according to the CZ-NACE, which may affect the scope of payers of “windfall tax” on fuel sales.

In addition, the General Financial Directorate (GFD) modified its interpretation of activities falling under wholesale and retail sale of fuel and related retail or wholesale intermediary activities, which may have implications for determining whether a company was already subject to windfall tax on fuel sales for 2023. In some cases, the sale of fuel via fuel cards (in a buy-sell model) could qualify as fuel wholesale and therefore be subject to windfall tax for 2023.

Read a May 2024 report prepared by the KPMG member firm in the Czech Republic



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