Articles

Introducing a new product: Registration of a holding company in the Czech Republic
Introducing a new product: Registration of a holding company in the Czech Republic
10-06-2024
We are pleased to announce the launch of our new service – turnkey registration of a holding company in the Czech Republic. This product is designed for companies seeking to optimise tax costs, diversify risks and improve asset management. The service offer and its price can be found here. Advantages of a holding company Why...
Don’t forget to pay your estate tax in 2024
Don’t forget to pay your estate tax in 2024
29-05-2024
As of January 1, 2024, the Czech Republic experienced a sharp increase in property tax rates, by about 80% compared to 2023. For some taxpayers, the tax increased several times due to the introduction of local increasing coefficients. Taxpayers did not have to file a tax return due to the change in rates. The tax authority itself...
New terms and conditions in DPP/DPČ working contracts
New terms and conditions in DPP/DPČ working contracts
23-02-2024
DPP / DPČ working contracts are very popular in labour relations because of their flexibility and  low taxation for the employer. Beginning from October,1, 2023, the Labour Code was amended, resulting in significant changes in the regulation of work contracts (DPP) and employment contracts (DPČ). There are new obligations and rights for both employers and employees,...
Changes in VAT from 01.01.2024
Changes in VAT from 01.01.2024
02-01-2024
Changes in VAT rates The consolidation package of measures brought changes also in the Czech VAT. In particular, the VAT rates have changed. Instead of the existing 2 reduced rates: 15% and 10% from 1 January 2024 will be reintroduced only one – 12%. The basic rate will remain unchanged.  Transfer between different VAT rates...
Government  measure package for 2024
Government  measure package for 2024
08-12-2023
President Petr Pavel has signed the “Konsolidační balíček” – a package of measures to revitalise the Czech Republic’s economy, which will reduce the budget deficit by CZK 150 billion totally in the next two years. The measures out of 65 amendments to laws will start to take effect on 1 January 2024. We have selected...
Changes to the “Lump Sum Tax” for sole proprietorships in 2023
Changes to the “Lump Sum Tax” for sole proprietorships in 2023
16-11-2023
From 2023, the income limit for the possibility of being a single tax payer has been increased to 2 million kronor, with three levels of taxation introduced. When switching to a flat rate tax system (paušální daň), a self-employed person (OSVČ) gets rid of the obligation to declare income tax and to report to the social and health insurance...
Unreliable VAT payers and blacklisting
Unreliable VAT payers and blacklisting
28-09-2023
How to do business with blacklisted companies In recent years, there has been a significant increase in the number of companies that are blacklisted and become unreliable VAT payers. Entrepreneurs and companies should treat transactions with such organizations with caution. According to the legislation, an unreliable VAT payer is considered to be a taxpayer who...
You have a unique and exceptional chance to settle your debts without additional penalties and unnecessary costs!
You have a unique and exceptional chance to settle your debts without additional penalties and unnecessary costs!
18-09-2023
Currently and until the end of September, the so-called “tax holiday” according to Act 182/2023 Coll. and the “insurance holiday” according to Act 181/2023 Coll. are in effect. This is an action from the state, which allows you to get rid of penalties and other costs related to taxes and social contributions not paid on time. The tax holiday applies...
VAT Refund: Terms and Conditions in Czechia
VAT Refund: Terms and Conditions in Czechia
29-08-2023
Value Added Tax (VAT) is a tax that is applied at every stage of the production and sale of goods and services. However, VAT payers are entitled to a refund for this tax from the budget of Czechia. In this article, we will talk about the terms and conditions that must be observed in order...
It’s still possible to submit your annual report for 2022 without any penalties!
It’s still possible to submit your annual report for 2022 without any penalties!
21-03-2023
It’s useful for all tax-paying residents of the Czech Republic to know that if you didn’t manage to file a tax return before 3.4.2023, for any reason, don’t be upset since there is one more opportunity to avoid any penalties! You can submit a report in electronic form until 2.5.2023. And we’ll show you how...
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...
The minimum wage has risen again starting in 2023
The minimum wage has risen again starting in 2023
14-02-2023
From 1 January 2023, the minimum wage has been increased by 1.100 CZK to 17.300 CZK. This base minimum wage is set for a full-time job, i.e. 40 hours of working time per week. For non-employment contracts (DPP, DPČ), the hourly minimum wage is used instead of the monthly minimum wage, which in 2023 is...