Zeman and Fisher saved from paying gift tax

President Miloš Zeman and unsuccessful presidential candidate Jan Fischer will not have to pay gift tax on money from sponsors which they received after the presidential election. Of all presidential candidates they alone were unable to settle their campaign debts within the legal deadline. The Interior Ministry and the Financial Administration Office said that despite this irregularity it was obvious that the donated finances were intended for the presidential campaign and no gift tax was required. This decision will save President Miloš Zeman an estimated one million crowns, and his unsuccessful rival for the presidency half that sum.