Blog about taxes

Starting in 2026, self-employed individuals (OSVČ) in the Czech Republic will face higher minimum contributions to social insurance (sociální pojištění) and health insurance (zdravotní pojištění). The monthly payment under the simplified flat-tax regime (paušální daň) will also change. Increase in mandatory contributions Compared to 2025, the total minimum monthly contributions will increase by 1,124 CZK....

Key takeaways A bank account in the Czech Republic can be restricted or blocked because of enforcement proceedings (exekuce), decisions by public authorities, the bank’s internal AML/KYC checks, or transactions that look unusual or risky. The best prevention is simple transparency: keep documents proving the source of funds, do not ignore the bank’s requests, separate...

The calendar is prepared for individuals, sole traders (OSVČ), and legal entities. It includes the key deadlines for filing returns and paying taxes. Dates are calculated in line with the rules of the Czech Financial Administration (Finanční správa ČR). Each month provides a list of obligations showing the date, the tax type, who it applies...

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...

Although amendments to the Czech VAT Act came into force on January 1, 2025, certain provisions relating to real estate have been postponed until July 1, 2025. This article provides a detailed overview of what has changed and how these updates may affect the application of VAT on the sale or lease of real estate,...

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...

In the Czech Republic, every company is required not only to prepare financial statements (účetní závěrka), but also to officially approve them. At the same time, a decision must be made regarding the company’s financial result — whether profit or loss (hospodářský výsledek). These procedures are mandatory and strictly regulated by Czech legislation. The main...

Starting May 1, 2025, new rules for paying radio and TV licence fees will apply to legal entities and entrepreneurs in the Czech Republic. 📻 Who Is Required to Pay the Radio Licence Fee: Legal entities and sole traders must pay if they: 💰 The Fee Depends on the Number of Employees: Additionally: 55 CZK...

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...

Starting a Business as a Sole Trader (OSVČ) in the Czech Republic means not only gaining financial independence, but also taking on certain obligations to the state. In 2025, the registration process has become slightly easier, but there are still many nuances that can be confusing: which authorities must be notified when starting self-employment, what...

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...

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....