Articles about our services

Taxation on Income from Investments
Taxation on Income from Investments
06-03-2023
In this article, we’ll go over the various kinds of taxation on investment income, such as dividends, interest on deposits, debt holdings, P2P loans, sales of shares, cryptocurrencies, real estate, and several other investment vehicles. Income from the investment categories mentioned can be divided into two groups: Income from ownership, §8 of the Income Tax...
DoMyTax in the UAE and the Middle East
DoMyTax in the UAE and the Middle East
19-08-2022
The international company DoMyTax is expanding its portfolio of services to the Middle East (UAE)! This means that you can now receive UAE tax advice, company registration, bookkeeping and audit services in the UAE. Full list of jurisdictions served today: UAE 🇦🇪, Czech Republic 🇨🇿, Poland 🇵🇱, Lithuania 🇱🇹 and Germany🇩🇪. Now you can easily...
Determination the right place of social and health insurance for EU citizens
Determination the right place of social and health insurance for EU citizens
01-12-2021
Our article will help to solve the problem of choosing a right place for social and health insurance for the citizens of the European Union (EU), when working not only in the country of permanent residence. Each citizen, who lives in one of the EU country has to be socially protected and has to get...
Representation abroad: when is it required to organize it?
Representation abroad: when is it required to organize it?
05-08-2020
Are you an entrepreneur, an individual or a legal entity that provides services or sells goods on the territory of another state? Both foreign companies doing business in the Czech Republic and Czech firms trading in other countries under certain conditions must additionally register for the income tax and VAT. The income tax law lists...
What is a cryptocurrency? Is it money? Is it an asset? Is it a property, a bond?
What is a cryptocurrency? Is it money? Is it an asset? Is it a property, a bond?
13-07-2020
The point is that there still is no common understanding regarding what cryptocurrency is. The notion is interpreted differently in different countries. In some countries like Japan, Switzerland, and the United Kingdom, cryptocurrency is considered as payment means, however, they are not considered as currency.  In Australia and the United States, they are considered as property,...
Uber in the Czech Republic: obligations and taxes of a driver
Uber in the Czech Republic: obligations and taxes of a driver
22-06-2020
To work with Uber in the Czech Republic, it is necessary to fulfill a number of obligations:  1. To register as an individual entrepreneur:  the provision of transport services is an economic activity and is subject to registration. This type of activity can be registered as the individual entrepreneurship (OSVČ) or a firm and should...
The place of deal and regulations on VAT payment when purchasing goods from other EU countries.
The place of deal and regulations on VAT payment when purchasing goods from other EU countries.
10-07-2019
We will describe a turnover between the Czech Republic and other EU countries in this article. Although the same rules and regulations apply to all the EU countries, there are some nuances in the legislation of a particular country. Today we will look at the situation from the position of the Czech Republic in relation to...
A special kind of a VAT payer: identified person to VAT
A special kind of a VAT payer: identified person to VAT
04-02-2019
We already described ways of obligatory registration of a physical or a legal person entrepreneur as a VAT payer in our blog post. Here we will introduce one more way to register as a VAT payer, specifically as an identified person (Czech editor’s note ‘identifikovana osoba’, hereinafter only identified person). What is it and what...
Income from real estate rent. Optimization and tax benefits
Income from real estate rent. Optimization and tax benefits
21-01-2019
Do you plan to rent your apartment/house out but still have concerns regarding taxes? Then this material is exactly what you need. In this article, we will describe such a type of rental property, when an apartment owner rents it out as an individual without opening a business license. First, let’s turn to the tax...
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...