Trade licenses

Some mistakes are repeated in tax returns every year, even though the tax administration draws attention to them. Find out which ones - you'll increase your chances of getting your return right first time. Plus, we've prepared a guide on what to do if you've filed a return with an error. WHAT TO LOOK OUT FOR TO AVOID MISTAKES IN YOUR TAX RETURN …

Do you want to start a business, but don't know whether it is better to set up a trade or a company? We have prepared a comparison of the most common forms of business in the Czech Republic! Take a look at the differences, read the advantages and disadvantages and specific practical examples. We hope that at the end of the article you will be clear which…

Under the flat-rate scheme, you pay one amount each month, which includes social security, health insurance and income tax. The flat-rate tax gives you relief from administration so you don't have to worry about filing your tax return. But beware, it doesn't always apply! Find out which exemptions to look out for. FLAT-RATE TAX AND TAX RETURN - WHEN…

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 year 2022 brought major changes in the use of data boxes. As of 1 January, an amendment came into force that automatically sets all data box users to receive so-called postal data messages (PDZ). Let's explain in detail what the change actually is, what you should look out for and what benefits it brings to you. In another article, we have already…

When you want to start working for yourself, a sole proprietorship is the easiest and fastest way. Before you go to the office, think about which type of business and what you want to do. You already know what you will be doing, but how do you translate your business into the language of the authorities? Our article will help you with that. BASIC…

The taxation of cryptocurrencies is not yet firmly anchored in Czech legislation. However, there is no doubt that cryptocurrencies are intangible movable property and you should not forget to include a number of transactions in your tax return. How is the possession, exchange or sale of cryptocurrencies taxed? Find out in our article. …

Tax records and accounting are two different things. It is common for new entrepreneurs to be confused about these concepts and not know which one to choose. So let's explain both terms. We will describe the differences and you will learn who has to keep tax records and who has to keep accounting records. WHAT IS TAX REGISTRATION? The main objective of…

A foreigner can start a business in the Czech Republic in several ways and, in this article, we will look at the two most common ones: a trade licence and a limited liability company. How does a business with a trade licence (formerly a trade certificate) differ from setting up your own company? What advantages and disadvantages do both options offer? …

If you are planning to stop doing business on a trade license, it is good to know what you need to arrange and what authorities need to be informed about the revocation of the trade. Below we provide a simple guide on how to revoke a trade license. SUSPENSION VS. REVOCATION If you are a self-employed person and have decided to end this type of business,…

Within companies, there are several types of guarantees for the receivables and liabilities of the company, including so-called personal guarantees. The guarantee is indicated in the legal terminology of the fulfilment of obligations of another person, i.e. in the case of business corporations, the given company. Within a company, therefore, any person…

If you do not want to start a company and you have decided to do business under a trade licence instead, you will certainly come across the concept of place of business of self-employed person. This is basically the "seat of a self-employed person" and has a lot in common with a company seat. PLACE OF BUSINESS VS. COMPANY SEAT The term place of business…