Duslo may not draw the entire €58m tax break
Chemical plant Duslo Šaľa (Andrej Babiš) launched a new €310m ammonia production unit this summer. The government approved a €58m tax break for the project. The company says it may not draw the entire tax break, since the break can only be set against profits in the coming ten years that are over the levels from previous years. The management estimates it will only use up €10-20m of the tax break. Last year, it only used €1.5m, leaving €4.3m on the table. The low profits stem from low global fertilizer prices and relatively high prices of natural gas.