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Valid from 1.4.2024 Your privacy is of the utmost importance to us, which is why DoMyTax (DoMyTax accounting s.r.o., ID: 06755470) has developed this Privacy Policy («Policy») to inform you about the data we collect when you visit our website https://domytax.cz («Website»), as well as our related services accessible from subdomains such as https://ai.domytax.cz, https://firma.domytax.cz,... Read more »

DPP / DPČ working contracts are very popular in labour relations because of their flexibility and  low taxation for the employer. Beginning from October,1, 2023, the Labour Code was amended, resulting in significant changes in the regulation of work contracts (DPP) and employment contracts (DPČ). There are new obligations and rights for both employers and employees,... Read more »

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... Read more »

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... Read more »

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... Read more »

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... Read more »

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... Read more »

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... Read more »

It’s useful for all tax-paying residents of the Czech Republic to know that if you didn’t manage to file a tax return before 3.4.2023, for any reason, don’t be upset since there is one more opportunity to avoid any penalties! You can submit a report in electronic form until 2.5.2023. And we’ll show you how... Read more »

In this article, we’ll go over the various kinds of taxation on investment income, such as dividends, interest on deposits, debt holdings, P2P loans, sales of shares, cryptocurrencies, real estate, and several other investment vehicles. Income from the investment categories mentioned can be divided into two groups: Income from ownership, §8 of the Income Tax... Read more »

From 1 January 2023, the minimum wage has been increased by 1.100 CZK to 17.300 CZK. This base minimum wage is set for a full-time job, i.e. 40 hours of working time per week. For non-employment contracts (DPP, DPČ), the hourly minimum wage is used instead of the monthly minimum wage, which in 2023 is... Read more »

Who needs our services? Small businesses that don’t want to take on the set costs for full-time employees or businesses that don’t need a permanent financial or staffing position Medium and large businesses needing temporary support or replacement for existing employees When is a “Temporary Accountant” Needed Temporary replacement (Situations where your accountant has fallen... Read more »