The six largest domestic banks that will pay tax on extraordinary profits this year earned a total of CZK 57.1 billion in the three quarters of this year. In the same period last year, it was 58.4 billion crowns.
Analysts have previously pointed out that the windfall tax for the banking sector will not bring the promised revenue to the state budget. Deputy Minister of Finance Marek Mora also said this at the parliamentary committee meeting this week.
“I have no reason to contradict what the deputy was saying,” Stanjura told CT. “So in the political dictionary it means until five,” he added.
Big companies publish profits, pay little for windfall tax
The windfall tax was imposed by the state on energy, petrochemical and mining companies and on large banks. He justified this by their unexpected income as a result of a sharp increase in energy prices, and in the case of banks, a significant increase in interest rates.
In addition, energy producers pay a revenue levy for more expensive electricity than the thresholds set by the government for each energy source.
Windfall tax collection was 25.8 billion crowns at the end of October. So far, the state has collected 17.3 billion crowns from the levy from excessive income from electricity production.
When drawing up the state budget for this year, the Ministry of Finance stated that income from the windfall tax should reach 85 billion crowns and from the levy 15 billion crowns.
In the August forecast of fiscal revenues, the Ministry of Finance stated that this year the state will collect 46 billion crowns from the windfall tax, the levy from excess revenues should bring 18.5 billion crowns to the state budget this year.
Stanjura said this week that the revenue from both measures this year will not fully cover the compensation of high energy prices that the state provides to companies and households.
Banks that have to pay windfall tax saw their profits fall by 1.3 billion
Tags: state collect billions crowns windfall tax banks Stanjura
