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Do you file your own personal tax returns? You can save significantly on income tax by claiming allowances and deductions correctly. We explain the difference between discounts and deductions, how you can claim them and what you need to document. Article content: The difference between tax deductions and rebates What tax deductions…

Have you sold shares or other securities? Then watch out for tax liabilities! The capital markets have been quite busy in recent years. When tax filing season rolls around, it's a good time to evaluate whether to include your income from sold stocks or ETFs. Our article will help you find the answer. Which stock transactions are taxable? …

Every year in the spring, (not only) entrepreneurs have an unpleasant obligation - filing a tax return form. We'll tell you what you need for your tax return, how to fill in the tax form and fulfil your tax obligation. Who fills in the tax return and how? According to the Income Tax Act (ITA), all entrepreneurs with annual taxable income…

As an entrepreneur, you file a tax return every year to calculate how much money you have to pay to the government in income tax. We will advise you on how to correctly determine the tax base and the tax itself. Step-by-step instructions: Add up all your income Put aside tax-exempt income Subtract the corresponding expenses …

Millions of Czechs file personal income tax (PIT) returns each year. However, many of them do not know how and when to submit it correctly. That's why we have summarised the most important rules on how to proceed. Read the most important facts: When to file your tax return? Who files a tax return? When is income tax due? What…

There are over 500,000 registered legal entities in the Czech Republic, but 20% of them are not actually doing business. The number of "dormant companies" has declined in recent years, but their owners should beware. What about the tax return for an inactive company with no income? Find out all about zero returns. Business tax returns: what if…

The year 2025 brought new rules for the taxation of cryptocurrencies and introduced a value and time test for their tax exemption. Make sure you keep proper records of your income from cryptocurrency transactions - such as holding, exchanging or selling - to be sure you know if and how to pay taxes on them. Cryptocurrencies are a big topic and,…

Choosing a car for a company is not the same as choosing one for your family. While with a family car you will be mainly interested in comfort, consumption or safety, with a company car it is all about how it will affect your taxes, VAT deductions and running costs. The car does not belong to you, but to the company. We'll introduce you to how to…

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)…

What does it mean that a company or self-employed person is a VAT payer, how to register for VAT and when is it worthwhile? Find out the answers to these questions in the article. Who is a VAT payer? A VAT or value added tax payer is a legal or natural person who can purchase goods or services at a "discount" for the purposes of their…

Starting a business can be challenging. We'll give you an overview of the responsibilities of the self-employed - from tax and accounting to insurance payments and registration to planning and business development. Find out what not to forget after setting up a business. Obligations of the self-employed at a glance: …

Entering the world of self-employment can be exciting but also challenging. Every step of the way, you will be faced with decisions that can affect your future success in business. Read through the main requirements and essentials of setting up a business so you can start your business with confidence. What do you learn in this article? …

Is your company officially based outside the EU and yet you are registered as a VAT payer in the Czech Republic? Then you must comply with the new legal obligation to communicate with the Czech authorities by the end of February 2025. Read how to do it. New rules for communication between foreign companies and the Czech authorities The amendment…

Running a business as a sideline is an ideal option for anyone who wants to earn extra money for their studies, employment or even maternity leave. Compared to your main gainful activity, it brings a number of advantages - you pay lower taxes and often do not have to pay social security and health insurance contributions. What are the other…

Amendments to the law change many of the rules that have been in place for performance work agreements (PWAs). This popular way of earning extra income is not only subject to central registration, but also to new rules and a cap on levies. Join us for a look at the main changes affecting PPAs in 2024/2025*. What is a…

Have you started a business and your company was established in the last 3 months of the year? Postpone your first corporation tax return until next year! We will tell you how to proceed. Who can extend their accounting period? If your company was established between 1 October and 31 December, you can apply to the tax office for an extension…

You pay one amount each month, which includes social security, health insurance and income tax. The flat-rate tax has relieved you of annoying paperwork so you don't have to worry about tax returns. But don't rejoice prematurely - it doesn't always apply! Find out which exemptions to look out for. Flat-rate tax and tax returns - when to…

As a sole trader, you have to ensure that you pay your levies properly yourself. However, it's easy to get lost in the flood of regulations - so we've prepared an overview of the basic obligations and current amounts for 2025. Compulsory levies in a nutshell All sole traders are obliged to pay not only taxes, but also health and often social…

The flat tax promises less administration for businesses from 2021 - but it will only pay off for some. The following lines will help you find out if you are one of them. You'll also find out how much to pay for each band, all the terms and conditions, deadlines and how to sign up for the flat rate tax. What is a flat-rate tax? The flat-rate…

A limited liability company is the most popular type of company mainly due to its simplicity and limited liability of its owners (partners) for liabilities. But how does "limited liability" for debts work in practice? Find out if and what the partners, the managing directors and the company itself are liable for. Bodies in a limited…