Average Price for Emission Allowances
As of 1 January 2011, the amendment to the Renewable Resources Act introduced a donation tax on European Union Allowances (EUA) allocated on a free-of-charge basis to electricity producers in 2011 and 2012 (see Tax News No. 4/2011). The average market value of an allowance applicable on 28 February of a particular year multiplied by the number of allowances allocated free of any charge constitutes the tax base.
On 2 March 2012, the average price for an emission allowance was disclosed and made available on the MFCR’s official website. It amounts to CZK 201.79 per 1 tonne of CO2.
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KŠB Supports Smetana Litomyšl’s Charitable Grand Finale
The 68th annual Smetana Litomyšl Festival closed this year with the Grand Finale – Italian Film Night, which took place under the patronage of our law firm. The Czech Radio Symphony Orchestra, conducted by Tomáš Brauner, performed celebrated film music by Nino Rota, Luis Enrique Bacalov and Ennio Morricone in the second courtyard of Litomyšl Castle, which was also broadcast live on ČT Art and Czech Radio Vltava.
