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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…

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…

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…

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…

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…

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…

You know each other well, maybe you've been partners, siblings, classmates or best friends since kindergarten. You have a great business idea, so you decided to start a company together. What could go wrong, you think. But even the best personal relationships can't guarantee a successful business partnership. What to look out for when you're…

While some voluntarily register for VAT, others want to avoid the VAT regime - therefore, when they exceed the turnover threshold for compulsory VAT registration, they prefer to set up a new company and charge from scratch. Find out why this is an inappropriate practice. Article content: When does a company become…

You've decided to do business in the UK market, chosen the right form of business and now you want to make sure you haven't forgotten anything after setting up in the UK? Read on for a summary of the main obligations you may face as a Czech entrepreneur in the UK. Applying for a visa The requirement to apply for a visa to do…

The marketing mix is one of the easiest tools you can use in business to plan your strategy and achieve better results. Learn about its principles and put them into practice with the easy-to-follow guide we've written for you. Marketing strategy ≠ marketing mix Marketing mix is often confused with marketing strategy. However, it has a…

Ltd companies are one of the most popular forms of business in the UK - similar to limited companies in the Czech Republic. Are you tempted to set up a Ltd. company but don't know how to do it? We'll guide you through the whole process so you can start your UK business with confidence. Whichever company you decide to set up in England,…

Doing business in England sounds attractive in terms of market size, potential, affordability and corporate taxation. But how to do it? We'll help you get your bearings - an overview of UK company types and other options will make your decision easier. How to do business in the UK? The business environment in the UK is similar to…

Determining tax residence can be confusing – whether you’re a Czech working abroad or a foreigner working in Czechia. Discover the criteria that will help you know where you should be paying income tax. General Rules for Tax Residence It sounds inviting – you find a country with an interesting social or tax system and choose to start your business…

Are you interested in the road transport business operated by large vehicles? Find out what conditions to meet to obtain a licence and how hauliers prove their financial fitness. What is large vehicle transport? The category of "large" road transport includes: Passenger transport by vehicles carrying more than 9…

Are you doing business in the Czech market, but would you like to relocate your company to Malta, Switzerland, USA or vice versa? We will introduce you to the amendment to the Act on Company Conversions, which newly facilitates the conditions for changing the seat of a company outside the EU. What does the amendment to the Company…

You have probably already encountered terms such as mergers, acquisitions or company splits. The amendment to the Business Corporations Conversion Act now introduces a new concept, the spin-off. Find out how spin-offs differ from other types of conversions and how they work in practice. What is a corporate conversion by spin-off? In July 2024,…

When looking for ways to lower taxation, athletes often toy with the idea of changing their tax domicile. However, such a change is not possible for everyone and will only bring real savings to some. Find out under what conditions an athlete can benefit from a change in tax residency without unnecessary risk. The key to taxing…

Imagine you want to build a house - you have a vision, tools, finances and a team of people. But that's not enough to build a new home. Without a plan and coordination, chaos, delays, additional costs... And it works the same way in business. Make planning and meeting your goals easier with project management. We'll show you how. Why do…