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Reduction to tour operators’ contribution to the guarantee fund

02/10/2019

Tour operators will now make a lower contribution to the guarantee fund of tour operators from 2020 onwards. Pursuant to the new regulation No. 246/2019 Coll. of the Ministry of Regional Development, from 1 January 2020 the annual contribution of the tour operator to the guarantee fund will be 0.05% of the basis for calculating the annual contribution. This is a 50% reduction of the contribution to the guarantee fund.


The basis for the calculation of the annual contribution for 2020 are the annual planned sales of the tour operators for 2020, from the sale of package tours and related travel services. If the projected sales for 2020 are lower than the previous year, the basis for calculating the annual contribution will be the annual sales of the previous year. The contribution is always paid out based on the higher of the two amounts.

The annual contribution for 2020 is due by 31 December 2019.


The contribution is paid by the tour operators directly into the account of the Guarantee Fund for the payments of contribution.
- Account by the Czech National Bank: 340005-9527001/0710
- Payment with variable symbol: Tour operator ID


The contribution should be recorded in the tour operator´s books as: “Other operating expenses”.


Please note that the repealed Act No. 159/1999 Coll. set the maximum amount of the annual contribution of tour operators to the guarantee fund at 0.1% of the basis for calculating the annual contribution to the guarantee fund. The specific amount of the annual contribution is set every year by a regulation of the Ministry of Regional Development. If the Ministry does not issue a regulation, the amount of the contribution for the previous year will apply to the following year.

The guarantee fund of tour operators is used to satisfy customers´ claims in case of bankruptcy of a tour operator, if the insurance coverage would not be sufficient to cover all claims of the customers against the bankrupt tour operator in full. This would be the situation when a tour operator is under-insured.