News

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…

The tax administration has detected irregularities in the tax returns of a number of taxpayers. The major irregularities were mainly related to the taxation of cryptocurrency income. Auditors will therefore focus on this area again. Will this affect you? Hundreds of millions of dollars of data don't add up A few days ago, the General…

Despite the beginning of the holidays, including the parliamentary ones, it is not a bad idea to summarise what changes in the field of taxes are planned for the next year. Their final form will depend on the legislative process, but a number of the items under discussion have relatively broad support across the political spectrum, so their…

From 1 July 2022, two amendments relating to road transport will enter into force. Which are they and what do they change? ROAD TAX NOW ONLY ON LARGE VEHICLES The first amendment relates to the Road Tax Act. In order to limit the impact of the war in Ukraine on taxpayers, the government decided to significantly narrow the road tax, i.e. to limit…

On 28 February 2022, the tax portal at adisepo.mfcr.cz ceased to operate and the tax information boxes on this website can no longer be accessed. So where to file your tax return online in 2022? MODERNISED TAX PORTAL MOJEDANE.CZ A year ago, the Financial Administration launched a new tax portal Mojedane.cz and from this year all electronic filings will be…

The new year brings changes in taxes for entrepreneurs and employees, as well as a number of legal innovations. Higher minimum wage and taxpayer's rebate, increase in insurance premiums for self-employed persons, amendment of data boxes or directive on work-life balance and others. Read the full overview and stay up to date on what's coming up this year. …

Do you rent an apartment through Airbnb? If so, how do you pay tax on your income? Income From Rent or Self-employment? Government anti-epidemic measures over the past two years have severely restricted not only travel but also accommodation. The aforementioned restrictions have not only affected traditional hotels and guesthouses, but also…

We give you a brief overview of the most important changes in the field of taxes and accounting for in 2021. TAX NEWS IN 2021 TAX PACKAGE Perhaps the biggest story at the end of 2020 was the discussed new tax package. The main changes include: abolition of the super-gross wage; changes in depreciation of tangible and intangible assets; flat…