Czech House Backs Refineries Windfall Tax
The Czech lower house approved an extraordinary 50 percent tax on refinery margins for 2026 and 2027. The measure aims to raise 5.5 billion crowns despite facing opposition from lawmakers and industry groups.
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The Czech Republic's lower house approved an extraordinary 50% windfall tax on the refining sector during an evening vote on Tuesday. The levy targets gross margin increases set against 2025 levels and will apply through 2026 and 2027. Lawmakers advanced the measure through its first of three readings, sending the text to a parliamentary committee.
