Articles

Cryptocurrencies and taxes in the Czech Republic
Cryptocurrencies and taxes in the Czech Republic
07-09-2018
Tax policy of the Czech Republic regarding cryptocurrencies, mining cryptocurrencies and selling merchandise and services for cryptocurrencies. All the mentioned points are described in this article. Methodological introduction. The concept of “cryptocurrency” Currently, there are more than 1000 virtual or digital “currencies” also called cryprocurrencies (“kryptoměny (KM)” in Czech) in the world. The most popular ones...
Minimum wages according to professions
Minimum wages according to professions
13-06-2018
Minimum wages in the Czech Republic were increased to 12 200 CZK in 2018. An increase in this value naturally leads to an increase in minimum possible deductions for medical insurance. They are equal 1647 korunas now. Even if an employee works under the contract on a part-time employment and earns 2000 or 3000 korunas...
Children tax benefits in Czechia
Children tax benefits in Czechia
08-03-2018
This is about tax benefits for children and changes in providing the tax bonus. This important news was introduced by the Czech Ministry of Finance along with the revised Law on State Social Support. It means that parents will be able to save on income taxes in 2018 more than they did in the previous...
Great news for the parents of preschool children!
Great news for the parents of preschool children!
19-02-2018
The maximum tax benefit that can be used by parents whose children attend preschool institutions in 2017 was increased to 1100 korunas for each child. The maximum discount in 2017 was 11 000 korunas, comparing to 9900 korunas available for taxpayers in 2016. When completing the Declaration on Income Tax from the Population for 2017...
Expat explorer new report: Czechia Is #1 Country for Work Abroad
Expat explorer new report: Czechia Is #1 Country for Work Abroad
26-09-2017
The Czech Republic in numbers: 87% of foreigners moved here for work or business are “generally satisfied”, country ranks high in the Job Security, Work-Life Balance and Career Options sub-categories. Please see a full report here: https://www.internations.org/expat-insider/2017/czech-republic-39210
Starting a business in the Czech Republic
Starting a business in the Czech Republic
26-08-2017
Are you thinking about starting a business in Czechia, country ranked #1 expats destination in EU, stable, safe and economically growing? Here’s our special material on this topic: http://firma.domytax.cz/en/set_up_business_in_czechia
Legal address of a company or sole proprietorship in Czechia
Legal address of a company or sole proprietorship in Czechia
26-07-2017
Basic business registration item – legal address,  why it’s needed and where to get it: http://firma.domytax.cz/en/legal_address_in_czechia
Changing registration details in your company in Czechia
Changing registration details in your company in Czechia
26-06-2017
You have a new business partner? Your legal address changed? Please read following information about how to make typical changes in registration details of your company: http://firma.domytax.cz/en/making_changes_in_a_company_structure_in_czech_republic
Closing or pausing your business in Czechia
Closing or pausing your business in Czechia
26-05-2017
What are your options if you decide to pause or stop your business activities in Czech Republic? Please check our material here: http://firma.domytax.cz/en/shanging_ownership_or_-liquidation_of_a_company_sole_proprietorship_in_szechia
Outsourcing VS full-time accountant
Outsourcing VS full-time accountant
03-04-2017
You run a small or medium size business? You want to reduce your operating costs? You want accounting services of high quality for reasonable money? Then this article is for you. Do you know why today’s companies prefer outsourcing rather than a full-time accountant? Let’s figure that out! Outsourcing is the transfer of some functions...
Opening of a personal bank account in Czech Republic
Opening of a personal bank account in Czech Republic
20-03-2017
For whom You have some financial relations with someone from the Czech Republic or other EU countries? You need to save money on transfers from account to account within the EU? You need a reliable bank with guarantees (each deposit is insured)? You need clear Internet banking in Europe? Then, it is worth it to...
Opening an account in the Czech Republic (Czechia) for a non-resident company
Opening an account in the Czech Republic (Czechia) for a non-resident company
20-03-2017
Why do foreign companies need to open accounts in Czech banks and what is the procedure? How can DoMyTax be helpful in this task? This is what we will cover in this article. Does your company cooperate with companies from Europe? Do you need state guarantees to protect your funds held on the account? Do...