Czech Republic, energy prices, VAT, Alena Schillerová Alena Schillerová energy price VAT czech republic News

Czech government set to drop tax on energy as prices soar

On Monday, the Czech government authorized Minister of Finance Alena Schillerová to waive the Value Added Tax (VAT) on energy for November and December because of the rising energy prices. Schillerová announced the decision at a press conference after a government meeting on the issue, adding that it will cost the state budget 1 billion […]
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Alena Schillerová budget Czech Republic Commentary

Czech budget finishes with a surprising surplus

The Czech Republic´s government budget surplus equals CZK 2.9 billion, which is the second best result since 1996, Finance Minister Alena Schillerová announced yesterday. The surplus resulted from greater tax and social insurance collections, thanks to the booming economy and wage growth.

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