The conditions for VAT registration in the Czech Republic are changing. Small business owners will have to closely monitor their company’s turnover, as the new law introduces two important thresholds that affect registration. It is important for every entrepreneur to monitor changes in legislation and study their impact on their business. To stay up to […]
Entrepreneurs looking to save on income tax can take advantage of not only traditional deductions but also the non-taxable portion of their tax base. Deductions for donations, mortgage interest, or pension contributions can significantly reduce your tax liability — often down to zero! While some tax benefits were eliminated by last year’s consolidation package passed […]
If you are an individual and have decided to sell your securities, this article is for you. Here you will find information about the taxes you need to pay on the profit you make. Contact the specialists at 360WEDO for a personalized consultation; we will answer all your questions about taxation. What Can We Count […]
Significant changes are coming to the Value Added Tax (VAT) Act in the Czech Republic, set to take effect on January 1, 2025. These amendments are particularly relevant for entrepreneurs who currently pay VAT or may become taxpayers in the future, as they will impact mandatory tax accounting. Currently, all entrepreneurs whose turnover exceeds 2 […]
When selling real estate in the Czech Republic, the income generated from the sale may be subject to personal income tax. This tax applies to the profit made from the sale, which is calculated as the difference between the sale price and any associated expenses, and falls under Article 10 of the Income Tax Act. […]
The average and minimum wages in the Czech Republic for the coming year have already been announced. Several key parameters will be derived from these figures, which will impact various aspects of taxation in 2025. Specifically, changes will occur in the calculation of tax advances, social and health insurance contributions, the income threshold for tax […]
A new limit of CZK 40 million for tax exemption on income from the sale of a share in a business will come into effect in the Czech Republic in 2025. The existing five-year ownership requirement remains unchanged.
Since the beginning of this year, they have had access to an improved version of the Entrepreneurship Portal (Portál živnostenského podnikání), which serves as a one-stop shop for effective business management. The portal allows users to apply for a business license online, update their information, easily search the trade register, and receive timely notifications about […]
When it comes to car leasing, even if you’re not at fault in an accident, you can still face significant challenges. For instance, a car lessee who is involved in an accident—regardless of fault—may still be required to pay three months of rent for a vehicle they can no longer use. Additionally, they are responsible […]
Tax authorities have learned to be cautious about covert tax audits. There’s a distinction between what the tax office might ask for “just like that” and what constitutes a full audit, as explained by Václav Čepelák, a tax dispute expert at BDO. Understanding Covert Tax Audits While there ideally shouldn’t be covert tax audits, they […]
New regulations regarding the issuance of sick leave certificates for employees in Czech companies, along with the introduction of an electronic format, will take effect in 2025. The procedures for employers will also be updated. These planned changes are gradually taking shape, with the amendment currently awaiting its third reading in parliament and expected to […]
In 2025, a significant increase in minimum advance payments for social and health insurance for sole proprietors is planned. Compared to this year, contributions will rise by CZK 1,082 per month. Additionally, in 2025, the monthly flat tax in the most popular first tax category will increase from CZK 7,498 to CZK 8,716. The minimum […]
The minimum wage and guaranteed salaries in the Czech Republic have been announced and published in the Collection of Laws. The changes will affect additional payments and individual salary levels. The amendment to the Labor Code No. 230/2024 will significantly change the remuneration rules starting in 2025. We have prepared a brief summary of the […]
Many people consider renting out their property an easy way to earn extra income. However, many foreigners are surprised to learn that in the Czech Republic, this business is regulated by strict rules. You will need to address various issues, including filing reports and paying taxes. You can contact 360WEDO specialists for advice on taxation […]
