Finance ministry wants to abolish tax holidays for solar power producers

The Czech finance minister, Miroslav Kalousek, wants to abolish tax holidays for producers of solar power and energy from other kinds of renewable sources, the daily Hospodářské noviny reported on Tuesday. Mr Kalousek believes the move would bring hundreds of millions of crowns into the state budget. Czech tax legislation should be amended accordingly by January 2011. Producers of energy from renewable sources were granted five years’ tax holidays as part of the effort to increase production of solar energy in the Czech Republic.