Have you realized you made a mistake on your tax return? Depending on when you filed your return and whether you are required to file electronically, your approach to this issue will vary. In some circumstances, you will need to file an amended return, whereas in other situations, you will need to file an extra […]
For the past six months, employers in the Czech Republic have had the option of signing employment contracts and agreements in a simpler electronic format. Experts recommend what to avoid. Amendments to the Labor Code, effective October 1, 2023, have simplified the procedure for concluding bilateral legal contracts (agreements). This includes, for example, the coordination […]
Health insurance companies in the Czech Republic have the right to audit insurance premium payers, including individual entrepreneurs and small businesses. These checks ensure compliance with insurance regulations and help maintain the integrity of the system. Understanding when and how these inspections occur is crucial for entrepreneurs in the Czech Republic. There are two primary […]
About 4.2 million people and companies in the Czech Republic pay property taxes yearly. Starting in 2024, property owners will pay significantly more due to over 40 changes in the government’s consolidation package. The most important change is an average 80% tax increase across all properties. Some property owners will now be required to file […]
The Czech Republic will introduce modifications to its legislation governing required VAT registration starting in 2025. One of the most major changes will be to the turnover-based registration requirements for taxpayers. The method for calculating turnover will be modified. A second turnover threshold will be introduced, and there will be alterations to the associated deadlines. […]
Starting in July, authorities in the Czech Republic must be informed about all contracts for work (DPP), including those with compensation below 10,000 Czech crowns. The overall process for entering into such contracts will undergo changes. The social security administration will now allow employers to register a single, notified work agreement (DPP). This agreement will […]
The employment conditions for workers from Ukraine are gradually changing. Some are now eligible for all tax deductions and benefits in the Czech Republic. Let’s examine under what conditions this is possible. Employing foreigners in the Czech Republic is a complex procedure, and the employer must meet all legal requirements. However, whether a foreigner has […]
All industries are discussing the use of artificial intelligence. But what role does it play in HR? What does it help with, and what should we approach cautiously? The portal Podnikatel.cz presents a study on the use of artificial intelligence in recruiting and HR in general and advises on how to approach this technology. Daily […]
Amendments to the Czech Republic’s Accounting Act are expected to come into effect in 2025. In addition to modernizing accounting, the law aims to change some established accounting methods, reduce administrative burdens, and ensure compatibility with international accounting standards. At the beginning of 2023, the Czech Ministry of Finance published the long-discussed draft of the […]
Who needs to file an income tax return if you are employed under an employment contract or are a self-employed individual paying tax at a unified fixed rate? We address the question of who is obligated to file a tax return and who, conversely, is not required to do so. 38g of the Income Tax […]
The most recent revision to the Labor Code, which took effect in October 2023, made major changes to the electronic distribution of papers to employees. We will talk about several sorts of electronic signatures, how they protect data, and how they’re used. But has the revision to Act No. 262/2006 (hereafter referred to as the […]
The fifth Plenary of the FATF under the Presidency of T. Raja Kumar of Singapore concluded on 23 Feb 2024. Delegates from the FATF’s Global Network of over 200 jurisdictions and observers from international organisations participated in three days of discussions on key money laundering, terrorism financing and proliferation financing issues at the FATF headquarters […]
In 2020, the Czech Republic committed to achieving net-zero greenhouse gas emissions by 2050, and a number of subsidy programs were implemented to help achieve this target. Among these is an electric car subsidy for businesses and individuals (self-employed), which they can take advantage of this year and next. The subsidy starts at 200,000 Czech […]
How should Bitcoin be taxed if you decide to accept it at your store and then either keep it or sell it on an exchange? And how should this be reflected in your tax declaration? Bitcoin has already established itself in society as a cryptocurrency, to the point where some major retailers are now taking […]
