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...
Innovation in the Czech Republic: company owners are to be added to the General Register
As always, January brings legislative changes. One of them was the Law on public registering of legal entities and individuals that came into force on January 1, 2018 (the law was approved as early as the autumn of 2016). Companies and other legal entities do not have the right to conceal the information about their...
Living in the Czech Republic
The Czech Republic is one of the most comfortable countries in the European Union to move to, to do business and to live in. The Czech language belongs to the same Slavic group as Russian does; the Czech Republic is used to expats (every 14th citizen is a foreigner); the rights of the foreigners and...
Taxes in the Czech Republic
The country took a medium place of the tax rate level among the countries of the European Union. Its effective taxation system for entrepreneurs allows paying 10% per year. The Czech Republic is a perfect, friendly arena for medium and small businesses from the points of comfortable and cost-effective taxation system and reasonable accounting service....
Position of the Czech Republic in the “Doing Business” rating
Doing Business is a research annually conducted by the World Bank aimed to study the simplicity of performing business in the developed countries. This research has been conducted for 15 years already. It spots the states attractive for doing business based on the certain criteria: convenience of tax system, accounting cost, market possibilities and development...
Czech currency and plans on the euro adoption
The koruna is the official currency in the Czech Republic. It has been used in the country since 1993. At the present time the pan-European currency euro is accepted all over the republic, however, there are some losses in the exchange rate. Geller 1 koruna is subdivided in 100 gellers used only in case of...
Location of the Czech Republic
The Czech Republic is the state with the developed market economy, one of the most valued countries in the world due to the following economic, social and political indicators: VAT, the index of human development, the index of press freedom and the index of Internet freedom from censorship. The Republic is one of the top...
When to register as a VAT payer in Czechia?
VAT (value-added tax) is often called a universal one as it is very frequently paid by physical and legal persons. It is obligatory in most countries including the Czech Republic to pay VAT. There are certain cases when companies and sole traders must register as VAT payers and we will describe them here. Type 1...
Expat explorer new report: Czechia Is #1 Country for Work Abroad
The Czech Republic in numbers: 87% of foreigners moved here for work or business are “generally satisfied”, country ranks high in the Job Security, Work-Life Balance and Career Options sub-categories. Please see a full report here: https://www.internations.org/expat-insider/2017/czech-republic-39210
Starting a business in the Czech Republic
Are you thinking about starting a business in Czechia, country ranked #1 expats destination in EU, stable, safe and economically growing? Here’s our special material on this topic: https://firma.domytax.cz/en/set_up_business_in_czechia
Legal address of a company or sole proprietorship in Czechia
Basic business registration item – legal address, why it’s needed and where to get it: https://firma.domytax.cz/en/legal_address_in_czechia
Changing registration details in your company in Czechia
You have a new business partner? Your legal address changed? Please read following information about how to make typical changes in registration details of your company: https://firma.domytax.cz/en/making_changes_in_a_company_structure_in_czech_republic