29.3.2012
News

Amendment to the Concise Duty Act

Two amendments to the Concise Duty Act are currently undergoing the legislative process.

The first amendment suggests reducing the concise duty on fuels by CZK 2.50 on one litre of diesel fuel and CZK 1.50 on one litre of petrol. The suggested change seeks to reduce the retail fuel price for consumers. The amendment is due to be debated by the government.

The second amendment shall, among other things, cancel an exemption for mineral oils applied and used in mineralogical or metallurgical processes. The exemption is to be replaced with a tax reimbursement mechanism. Further, the amendment is to (i) introduce a disclosure duty where liquor is sold for a price lower that the sum of the concise duty and VAT, (ii) provide for a reduction of the payment for the value of tobacco stamps or for securing the value thereof upon purchase, and (iii) increase the concise duty to be levied on cigarettes and other tobacco products. The amendment is suggested to take force and effect as of 1 January 2013. This does not apply to the cigarettes and other tobacco products where 1 January 2014 is the suggested effective date. The amendment will soon be delivered to the Chamber of Deputies for discussion.

Other articles

1.4.2025
News

We Succeeded in Another International Ranking

Just a week after the results of the Chambers Europe ranking were announced, we’re thrilled to share more great news – the renowned Legal 500 has published its annual overview of the leading law firms in the EMEA region, and we have once again confirmed our strong market position.
26.3.2025
News

We Confirmed Our Strong Standing in the Chambers Europe Rankings

We are pleased to announce that we have confirmed last year’s strongest-ever results in the Chambers Europe rankings, published by Chambers & Partners. In the 2025 edition, KŠB once again received excellent rankings in 11 categories. In addition, 13 of our colleagues received individual recognition—our best result in the firm’s history. This year’s recognition is crowned by a nomination for the prestigious Chambers Europe Awards 2025 for the best law firm in the Czech Republic.
5.3.2025
News

First Commentary on the Bonds Act Published

C.H. Beck has released the first-ever commentary on the Bonds Act, authored primarily by KŠB’s Jan Lasák, Jan Dědič, and Josef Kříž. Spanning over 700 pages, this comprehensive publication provides an in-depth interpretation of the Act’s individual provisions, drawing on the authors’ extensive expertise in corporate finance