News

The Financial Administration informed about the launch of a pilot project for pre-filling the real estate tax return. Find out how it works and make your work with the forms easier. The new feature will make it easier for you to fill in the form Finding out data and filling in the real estate tax return is quite complicated. That's why the…

As part of the consolidation of public finances, the government has introduced measures to help the over-indebted treasury, the so-called consolidation package. It was signed by the President on Wednesday 22 November 2023, followed by its publication in the Collection of Laws. Most of the planned adjustments concern taxes and other compulsory…

In addition to tax changes, the consolidation package will also bring innovations in the area of accounting. They will affect the definition of turnover, accounting in foreign currencies and taxation of unrealised exchange rate differences. Read what the government is planning from 2024. Changing the definition of turnover Net turnover was…

The beginning of the school year brought not only the return of children to their classrooms, but also important news from the world of accounting and taxation. The opinions of the CNB and the Supreme Administrative Court have a major impact. Let's summarise them in a nutshell. Additional tax returns are due to be relaxed The Supreme…

International tensions are also reflected in the sphere of taxation. Businesses trading with Russia are now facing a higher tax burden. Read what's changing. Russia has suspended an earlier agreement In August, Russian President Putin signed a special decree that will complicate tax relations between the Czech Republic and the Russian…

As of 1 July 2023, an amendment to the Business Corporations Act (ZOK) will come into force, which will facilitate the establishment of companies. In particular, the conditions for members of elected bodies of companies will change. See how. The state has launched a new register The registration of excluded persons is a fundamental change. This…

After a year's break, we are once again facing the Summer of Grace - a state event aimed at debt relief for citizens. Debtors can easily and cheaply resolve their debts to the state administration. We will advise you how to take advantage of this chance. What debts are affected? This year, the state will forgive various penalties incurred…

The advantages of agency employment are used by many large companies. Sometimes even at the expense of the assigned employees, who have an unequal position in practice compared to the tribal employees. The approved amendment to the law changes the conditions. Read what the new rules are. At the end of April 2023, the government approved an…

If you file your tax return in paper form, even if you have a data box, you are liable to a penalty of CZK 1,000. This year, however, the authorities have decided to tolerate this mistake. Read on to find out who will be forgiven the fine. The news has confused many people At the beginning of 2023, the state set up data boxes for a number of…

The due date for payment of the real estate tax is approaching - the deadline for payment of the tax (or the first instalment) is 31 May 2023. From this year onwards, the paper postal vouchers traditionally sent to real estate taxpayers by the tax administration during May have been abolished in order to save money. Payment of the tax by postal…

Communication via data mailbox saves time - for many businesses, using a data mailbox is even mandatory. Since this year, their ranks are expanding to include more entities. Are you one of them? A data box for every entrepreneur The number of data boxes is on the rise. In addition, from 1 January 2023, an amendment to Act No. 300/2008 Coll.,…

No entrepreneur can avoid registering for value added tax (VAT) when sales are higher. The obligation to pay VAT depends on the amount of turnover. We will advise you how to calculate it correctly. Who is obliged to pay VAT? According to Section 6 of the VAT Act, a taxable person (simplified as an entrepreneur carrying out economic activity)…

Many employers provide sports, recreation or cultural allowances for their employees. The reason is clear - to motivate their current or future employees. However, these benefits may also be subject to taxation. Monetary or non-monetary - that's what it's all about The tax treatment (both on the employee's and the employer's side) varies…

On 1 December 2022, Act No. 366/2022 Coll., also known as the "2023 Tax Package", was promulgated in the Collection of Laws, which comes into force on 1 January 2023. It contains a number of amendments to existing legislation in the area of VAT or personal and corporate income tax. Read on to find out what is changing. VAT changes: higher…

Thanks to a recent amendment to the law, many companies are no longer affected by the road tax. Since the change occurred only during the year, many businesses have overpaid the tax. Are you one of them? Road tax overpayments exceed one billion During 2022, the Road Tax Act was amended due to economic developments. This amendment…

Selling a property can raise a decent amount of money in today's market. However, this amount is also subject to income tax, which can easily run into hundreds of thousands of crowns. Fortunately, the law sometimes allows this income to be exempt from tax. We have written down the conditions you need to meet. Basic criteria: length of ownership…

Thenew year traditionally brings a number of legislative changes. Some of them will also affect entrepreneurs. For example, self-employed persons must adjust their payment orders to new amounts. The new amounts are based on the average wage Even in 2023, we will not be able to avoid the usual increase in monthly payments. Why? In the Czech…

The tax deductibility of costs is a very complex topic, in which many companies struggle and some even try to shortcut the tax. How the administrative authorities deal with such a situation is shown by two cases concerning advertising, which were considered by the Supreme Administrative Court (SAC) in 2022. Tax (dis)deductibility of advertising…

As a result of the turbulent economic situation and the general increase in prices (inflation), the decree regulating the amount of reimbursement for meals or the average price of fuel has been updated. How is the average fuel price changing? Due to the evolution of fuel prices on the market, there is an adjustment, although now only…

Do you use your car for business and private purposes? Make sure you keep the necessary records. Many people use their cars for business and personal use. However, be sure to keep the different uses separate on your records. If you do not keep proper records, the tax authorities can easily reduce your input VAT deduction. Natural persons who…