Industry Body Says Extraordinary Tax on Refineries Threatens Sector

Sapo

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The government has recently sent Parliament a proposal providing for a 33% rate on the extraordinary profits of oil companies in 2026.

iDNES.cz

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The new tax on increased refinery margins, approved by the government at the end of September, will endanger the entire Czech industry, according to the Confederation of Industry. According to the union, the government proposal may consider even a mere return to normal production performance as an extraordinary profit.

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Galp stated that the proposal to tax the extraordinary profits of oil companies is already integrated into the current tax structure and warned about the investment cycles of the sector.