Income from real estate rent. Optimization and tax benefits
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...
Children tax benefits in Czechia
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!
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...