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Blog about taxes

Red flags from the Czech Tax Administration in your datová schránka
If you run a business in the Czech Republic, you regularly receive letters from the tax administration (Finanční správa) via your datovou schránku. Most of the time these are simple notifications — deadline reminders, acknowledgments of receipt, or other automated messages. But sometimes something more serious arrives. In this article, we explain which letters should...
Tax Penalties in the Czech Republic in 2025
The tax legislation of the Czech Republic strictly regulates liability for any violations — from delays in filing tax returns to incorrect calculations and non-payment of taxes. For failure to meet deadlines and comply with requirements, various fines, interest charges, and administrative sanctions apply. This article provides a detailed overview of tax penalties and sanctions...
How to Know if AML Rules Apply to You in the Czech Republic
Lately, Czech banks have been increasingly asking business owners questions like:“Máte zavedené postupy AML?”“Vztahuje se na vás povinnost dodržovat zákon o praní špinavých peněz?”(“Do you have AML procedures in place?” / “Are you required to comply with anti-money laundering regulations?”) If you’re wondering what’s behind these questions — or want to be ready when they...
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...
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...
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...