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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…

Do you want to start doing business in the Czech Republic and you’re a citizen from another country? Don’t forget to take care of social security and health insurance. Compared to Czech citizens, registering for SS and HI as a self-employed foreigner comes with a number of specifics. Learn how you can avoid any complications. Duties, insurances,…

Do you own a company that is doing well and would you like to cash out your profits? Don't forget about taxes! How much money can you pay out as a company owner? Every entrepreneur carries out an economic activity with the aim of making a profit, which is also implied by law. If you own a limited liability company, a joint stock…

Do you dream of opening your own confectionery or car repair shop, but don't have a degree in the field? Don't despair - just make an appointment with someone who does. In fact, you can do business without school or work experience through a professional guarantor. Learn how to do it. Who is the responsible representative? The…

Do you have an interesting business idea or do you believe you can sell your skills better on your own than on a temporary job? Start a business while you study! You can easily handle the business license and a few administrative steps. Start your career now and gain valuable practical experience before you collect your school leaving…

The tax administration has detected irregularities in the tax returns of a number of taxpayers. The major irregularities were mainly related to the taxation of cryptocurrency income. Auditors will therefore focus on this area again. Will this affect you? Hundreds of millions of dollars of data don't add up A few days ago, the General…

Despite the beginning of the holidays, including the parliamentary ones, it is not a bad idea to summarise what changes in the field of taxes are planned for the next year. Their final form will depend on the legislative process, but a number of the items under discussion have relatively broad support across the political spectrum, so their…

The establishment of a company also entails tax obligations. The first step in this area is to register the company for income tax. Learn how to do it and what else to look out for. Basic facts about VAT Corporate income tax (CIT) is compulsorily paid to the tax office by every legal entity doing business in the Czech Republic.…

Starting a company requires a lot of paperwork, but that's what we're here for. Are you thinking of using our LLC formation service and wondering how the whole process works and what to prepare for? Find out in this article. What awaits you if you decide to start a company with us: Submitting the form. On the company…

From 1 July 2022, two amendments relating to road transport will enter into force. Which are they and what do they change? ROAD TAX NOW ONLY ON LARGE VEHICLES The first amendment relates to the Road Tax Act. In order to limit the impact of the war in Ukraine on taxpayers, the government decided to significantly narrow the road tax, i.e. to limit…

There are several formalities involved in starting a business - among them the determination of the company's registered office or trade. However, you often cannot do without the consent of the owner of the property in question. Read on to find out what to think about before registering. WHY DO YOU NEED CONSENT FOR THE LOCATION OF THE REGISTERED…

Doing business through a branch plant (formerly an organizational unit) is one of the forms of business of foreign persons in the Czech Republic without the need to establish a new company. The establishment of a branch plant, its administration and dissolution is administratively less demanding than the establishment, administration and dissolution…

It is not difficult to set up a business in the Czech Republic - that is probably why almost every fifth person in the Czech Republic is in business. You just need to meet a few legal conditions. See which ones. In the previous article, we discussed the process of setting up a trade. Today, we'll take a closer look at the steps that are worth…

In commercial corporations, there are several ways of guaranteeing the debts and obligations of the company, including the so-called equity guarantee. Who is self-insured in a business and how does it work? Find out in the article. In legal terminology, liability refers to the performance of another person's obligations; in the case of a…

Drawing up of the contract, the trade, the deposit of the registered capital and registration in the Commercial Register. These are the steps that lead to the successful establishment of a new company. Are you looking forward to it, and don't know what to do with the share capital? In this article, we will look at it in detail - what it is, what it is…

A limited liability company is formed on the day it is entered in the Commercial Register. What is the process of registration in the Commercial Register, which documents do you need and how long does it take? Read on for a summary of the basic steps necessary for the formation of a company. For complete information on the establishment of an LLC,…

Would you like to start a business, but you lack one of the most important things for this activity, which is your own company? Nowadays, you no longer have to worry about the lengthy process of setting up a company. If you don't have time to go around the authorities or you just don't know what to do, you should seek the services of a consultancy company…

Make it easier for you to start your business and read our guide on how to go about setting up a business. We'll guide you through the entire process, from choosing a business to submitting the registration form. 1. CHOOSE THE TYPE AND BRANCH OF TRADE Successfully registering a trade starts with being clear about which business you want to be in. You…

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…