Blog about taxes

Overview of employee bonuses in 2024: what’s important for employers to know
Overview of employee bonuses in 2024: what’s important for employers to know
09-09-2024
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
New requirements for employers from 1 July 2024 under the DPP
07-08-2024
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
Key Tax Aspects for Entrepreneurs Owning or Renting Property in the Czech Republic
31-07-2024
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...
Advantages of registering a holding company in Luxembourg with DoMyTax
Advantages of registering a holding company in Luxembourg with DoMyTax
26-06-2024
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...
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...
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...