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Taxes in the Czech Republic in 2025
In 2025, new tax regulations came into effect in the Czech Republic. The minimum wage has increased, VAT thresholds have been adjusted, and new requirements for entrepreneurs and self-employed individuals have been introduced. The Czech tax system is based on the general principles of the European Union, yet, like in any country, it has its...
MiCA 2025 in the Czech Republic — What Crypto Businesses Need to Know
Starting in 2025, the cryptocurrency market in the Czech Republic will enter a phase of significant transformation. The pan-European MiCA (Markets in Crypto-Assets) regulation will come into force, establishing unified legal standards for all industry participants. This marks the end of legal uncertainty and the beginning of crypto companies operating under clear and predictable rules...
VAT Reform in the Czech Republic Key Changes Starting 2025
Effective January 1, 2025, significant amendments to the Czech VAT Act (Act No. 235/2004 Coll.) have come into force, aimed at streamlining tax administration and aligning with European regulations. Below is an overview of the key updates, some of which take effect on January 1, 2025, while others will apply from July 1, 2025. 1....
Financial Reporting for Businesses in the Czech Republic in 2025
Financial reporting is an essential part of running a business in the Czech Republic. Companies and entrepreneurs are required to track their income and expenses, file tax returns, and meet regulatory deadlines. While the core rules remain unchanged in 2025, there have been some updates: the criteria for mandatory audits have been adjusted, accounting in...
Obligation to register an AML contact person in the Czech Republic from 2025
As of 1 February 2025, the requirement to register a contact person for all AML obliged persons will come into force. This provision is laid down in § 22 of Act No. 253/2008 Sb. on Measures against Money Laundering and Terrorist Financing (AML-Law). All companies and entrepreneurs belonging to AML obliged persons are obliged to...
New deductions of individual entrepreneurs in the Czech Republic from 2025
From 2025, changes will come into force for individual entrepreneurs (OSVČ) and self-employed persons in the Czech Republic, which will significantly increase their financial burden. The increase concerns the minimum social and health insurance contributions as well as the flat tax (paušální daň) for participants in the simplified tax regime. These changes are aimed at...
Overview of employee bonuses in 2024: what’s important for employers to know
Employee benefits and compensation rules have changed in 2024. In this article, we look at key changes that affect nutrition, retirement savings, training, and other important aspects related to employee benefits and compensation. Employee meals: new limits and regulations Employers can provide meals to their employees in a variety of ways: providing vouchers, organising canteens...
New requirements for employers from 1 July 2024 under the DPP
From 1 July 2024, all employers in the Czech Republic will be obliged to report monthly on concluded contracts for work (DPPs)  Initial provision on performance contracts The DPP changes were originally introduced by Act No. 349/2023 Coll. known as the consolidation package to improve the state budgets.  The proposal stipulated:  New obligations of employers...
Key Tax Aspects for Entrepreneurs Owning or Renting Property in the Czech Republic
Owning and renting property in the Czech Republic involves a range of tax obligations and benefits that entrepreneurs must consider. In a detailed seminar by Irina Yakunina, Managing Partner at DoMyTax, key tax aspects related to this topic were thoroughly discussed. Main Types of Rental and Their Taxation 1. Long-term Rental: • Considered as rental...
Family Foundation in Liechtenstein: Your Path to Asset Protection and Management
Liechtenstein, known for its stable legal and economic environment, offers a unique opportunity for establishing family foundations. These foundations provide asset protection, management flexibility, and high confidentiality. Benefits of a Family Foundation 1. Asset Protection: Reliable protection from creditors and third parties. 2. Confidentiality: All information about owners and beneficiaries is strictly confidential. 3. Management...
Advantages of registering a holding company in Luxembourg with DoMyTax
Registering a holding company in Luxembourg offers unique opportunities to organise a holding company in a reputable, stable jurisdiction. Find out why more and more international companies are choosing Luxembourg. Key benefits: Why Choose DoMyTax: DoMyTax offers a full range of services for the registration of holding companies in Luxembourg: Contact us today: Start the...