In this article, we explore the primary distinctions between running a business as a sole proprietor (OSVČ) and as a limited liability company (s.r.o.). The choice between these two options is a common dilemma for many entrepreneurs, because each carries its own set of advantages and disadvantages. Entrepreneurs often grapple with the decision of whether […]
The Milostivé léto campaign is back in the Czech Republic till November 30th. People who owe the state money will be allowed to repay it without paying interest, fines, or enforcement fees. How does it work? The government will not charge fines, interest, and enforcement fees if you pay the principal (initial amount of the […]
The DUNS number is a unique nine-digit number that identifies commercial enterprises at a specific location. The DUNS number, which is assigned and managed by Dun & Bradstreet (D&B), is widely used as the standard business identifier. Businesses do not receive or need social security numbers. They can, however, receive a unique nine-digit identification number […]
The most significant change that will affect the VAT rate will be the definition of a residential and family home. Until now, these definitions of real estate have been based on cadastral norms. The new VAT law will include the definitions set out in the construction law. An amendment to the value-added tax law will […]
The Spanish-Czech Chamber of Commerce has created a brief summary of the export and import options to the Canary Islands. Despite being a part of the European Union, the Canary Islands have their own economic and fiscal policies. Documents needed Goods brought to the Canary Islands are always accompanied by the following documents: Furthermore, depending […]
From July 2023, job centers in the Czech Republic can ask employers for monthly proof of income of their employees. It also has a relatively short deadline for sending it. An amendment to Law No. 66/2022 Coll. on employment and social protection measures in connection with the armed conflict on Ukrainian territory caused by the […]
