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 returns are a nightmare for many entrepreneurs. You'll make a mistake or two when filling it out. That's why, in addition to the regular tax return, there are amended and supplementary returns. We will advise you when to use them. Regular tax return A regular tax return is a tax return filed by the deadline set by the tax code. You must…

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Do you file a tax return? Do you know how to do it? In practice, this obligation applies mainly to entrepreneurs. But if you earned income last year from, for example, selling property, renting out your home, stocks and bonds, or combining several part-time jobs at the same time, you may not be able to avoid it either. Deadlines for…

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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…

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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.,…

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After the employees have started, you will be expected to handle payroll and regular contact with the authorities. Other formalities are involved when employees leave the company. Read on to find out what to think about. What to do before you start? As a new employer, you cannot do without registering with the tax office, health insurance…

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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)…

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The flat tax is still a relative novelty in the Czech Republic. It promises less administration for entrepreneurs - but it pays off only for some. The following lines will help you determine if you are one of them. What is a flat tax? Flat tax is a special type of tax that self-employed people can voluntarily pay from 2021. It is a flat…

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Once you've filled in and sent in your tax forms, all that's left to do is pay. But what information to use when paying your taxes? We'll explain the rules to make sure your taxes get where they need to go. Bank account for tax payment The bank account number depends on which specific tax or fee you want to pay. For…

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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…

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Are you starting a business and hesitating how to tax your income? In the Czech Republic, there are several methods - tax registration, accounting or lump sums for self-employed persons. We have a complete overview to help you choose the best one for you, so you don't pay more in taxes than you have to! Ways of taxing the income of self…

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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…

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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…

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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…

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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…

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Thanks to the amendment to the Accounting Act, from 2022 you can ask the tax office to forward your company's financial statements to the registry court, which will publish them in the collection of documents. Would you like to take advantage of this possibility and make your work easier? Find out how to do it. What are the financial statements…

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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…

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Some of the costs of your business affect your income tax base and therefore the amount you subsequently pay to the state. However, other cost items will not affect the tax calculation. We have prepared a summary to help you understand the issues. How to know which costs are tax deductible? When preparing your income tax return,…

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Paying taxes pleases few. Not only are you obliged to pay part of the money you earn to the state, but you don't miss out on the paperwork and possible checks. So you may wonder why anyone would volunteer to pay any tax. In the case of VAT, the answer is obvious - for many companies it pays. Are you one of them? And how do you voluntarily…

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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…

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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…

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