| Summary: | Resumé The importance of international trade has been growing over the last couple of decades. For a small country such as the Czech Republic international trade is especially significant. Without importing a large volume of products we would not be able to meet our needs or would meet them at the cost of ineffective production. The aim of my diploma thesis "The financial and legal aspects in product imports to the Czech Republic" is to describe what legal and financial requirements have to meet by importers when importing into the Czech Republic. There are several taxes and other payments that an importer must pay for the goods that he wishes to import. The most important is customs duty. Duty for the goods has to be paid according to the type of goods and country of origin. The rate can be easily looked up in the TARIC. The other type of payment that applies to imported goods is Value Added Tax. There are currently two rates of this tax. There is a 20% rate and a reduced rate of 10%. Import of certain types of goods (mineral oils, alcohol, beer, wine and tobacco products) are also taxed by the consumption tax. The ultimate tax that could apply to imported goods is one of three so called "energy tax" that in the Czech Republic are relatively new. Although, since these taxes tax only electricity, natural...
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