GT News

Taxes, accounting, law and more. All the key news for your business.

Lenka Kočerová | January 30, 2024

Cancellation of payment by duty stamps

Share article:

As of 1 January 2024, duty stamps used as a means of payment for court and administrative fees were abolished as part of the so-called consolidation package. According to the explanatory memorandum of the Ministry of Finance, payment by means of duty stamp is an outdated payment method, with which the state also incurs high distribution costs (according to an analysis prepared by the Ministry of Finance, the total costs of printing and distribution of stamp stamps for the period 2014-2021 amounted to CZK 534.3 million, incl. VAT, of which CZK 531 million was the commission to the Czech Post from the sale of stamps).

However, there will be a transitional period until 31 December 2024, when the existing stamps can still be used for their original purpose, i.e. to pay the fee, or can be exchanged for money.

Unused and undamaged stamps consisting of both parts can thus be sold back at Czech Post outlets, the list of which the Czech Post has published on its website. The redemption fee is 5% of the nominal value of the stamp. Redemption must be requested in writing and the request should include the quantity of stamps divided into groups by denomination and the total quantity of stamps in each group, your name and surname, your exact address and your signature to confirm receipt of payment. Proof of identity must be presented at the branch office.

As of 1 January 2025, stamps will cease to be liquid valuables and will therefore have no real value and cannot be exchanged for money. The Czech Republic will thus join other countries that have abandoned the use of stamps, such as Austria (2001) or Slovakia (2014).