Taxes and Accounting

Looking for a deadline for your financial statements? Need to know more about VAT or how to fill out your tax report? In this section you’ll find everything your company needs about taxes and accounting.


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…

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Even if you are not a VAT payer in the Czech Republic, be careful when trading with foreign countries. You may be obliged to register as an identified person. WHO MUST REGISTER AS AN IDENTIFIED PERSON? In short, an identified person (IP) is a VAT payer only for cross-border transactions. As an IO, you get your VAT number, but unlike VAT payers, you…

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VAT may not be a simple matter even for experienced entrepreneurs, especially when it comes to foreign transactions. In this article, you will find basic information on the VAT rules that apply to sales of goods to EU countries and beyond. PLACE OF SUPPLY AND VAT FOR FOREIGN TRANSACTIONS When you trade with foreign countries, you need to correctly…

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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…

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Looking for a deadline for your financial statements? Need to know more about VAT or how to fill out your tax report? In this section you’ll find everything your company needs about taxes and accounting. %%jakeBlogByTags-11%% %%jakeMagazineNext%%

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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…

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