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2023 has brought a number of changes to tax legislation.  The important matter of the registration of electronic Datova Schranka for individual entrepreneurs (IPs) simply cannot be overlooked. Up until now, IPs were not obliged to have a data box, but they could voluntarily acquire one by going to any Czech point. Andrej Babiš’ government... Read more »

Mandatory registration as a value added tax (VAT) payer usually occurs where turnover exceeds 1 million Czech crowns within 12 consecutive calendar months. An exception does include entrepreneurs who only make non-refundable transactions, which are exempt from tax.  From January 2023, a large package of tax changes will come into effect. The most anticipated new... Read more »

The international company DoMyTax is expanding its portfolio of services to the Middle East (UAE)! This means that you can now receive UAE tax advice, company registration, bookkeeping and audit services in the UAE. Full list of jurisdictions served today: UAE 🇦🇪, Czech Republic 🇨🇿, Poland 🇵🇱, Lithuania 🇱🇹 and Germany🇩🇪. Now you can easily... Read more »

It is more difficult to withdraw money from your own business than you might think. In fact, the rules around withdrawing money create problems for business owners, due to tax law regulations. However, we can guide you through some legal solutions to these issues.  Withdrawing funds through dividend payments:  Many experienced tax consultants consider dividend... Read more »

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An invoice (daňový / účetní doklad / faktura) is a document that is used to submit a request for payment for services or goods. In the Czech Republic, there is no specific law that regulates the rules for its preparation, the law points out only the mandatory data that has to be included in the... Read more »

The main benefit for registering an individual entrepreneur in the Czech Republic The magic of the lump-sum tax system in the Czech Republic is that you do not need to collect evidence of your expenses at all. IT expenses are automatically considered equal to 60% of the number of invoices issued. The main benefit to... Read more »

Why do I need advice on IT taxation and income from investments and cryptocurrencies? IT specialists are often subject to a degree of foreign economic activity, and this imposes certain obligations that are often only uncovered through a consultation with a qualified accountant — international VAT, invoicing outside the EU, OSS, IOSs, etc. All our... Read more »

Our article will help to solve the problem of choosing a right place for social and health insurance for the citizens of the European Union (EU), when working not only in the country of permanent residence. Each citizen, who lives in one of the EU country has to be socially protected and has to get... Read more »

What’s the process of registering a logistics company in the Czech Republic like and why should I choose the Czech Republic for this type of business? The Czech Republic is a member of the European Union (EU) and also a member of the European Economic Area (EEA), which opens up the free movement of goods,... Read more »

Prior 2009, foreigners were not allowed to purchase the Czech real estate. As a solution for purchasing the real estate, a Czech company was registered for which the real estate property later on was purchased. Because a change of real estate ownership from a company to founders was a subject to a real estate transfer... Read more »

Do you need to change a company registered or office address? Use the services from DoMyTax specialists with experience of more than 10 years. Our specialists will help to change the company address and will provide the maintenance of all the additional problems. Get professional consultation on all the questions related to changing the business... Read more »