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New Regulations for Airbnb Hosts in the Czech Republic: Essential Registration with eTurista

The Czech government has approved an amendment introducing new obligations for accommodation services. This change will affect all organizations offering accommodation, including hotels, guesthouses, boarding houses, and those renting out properties via Airbnb. These providers must register in the newly created eTurista system and report guest data to the authorities electronically. According to the Ministry […]

Read more 23.08.2024

How much will self-employed individuals in the Czech Republic pay for social and health insurance in 2025?

Last week, the Czech Republic published a draft government regulation that outlines the basis for calculating minimum advance payments for health and social insurance for 2025. Overall, advance payments for self-employed individuals (OSVČ) will increase by CZK 1,127 next year. As is customary, the amounts for health and social insurance advance payments in 2025 will […]

Read more 22.08.2024

Czech Republic to Gradually Increase Minimum Wage

The Czech Republic is set to implement a phased increase in its minimum wage, with the ultimate goal of reaching 47% of the average wage by 2029. This follows an amendment to the Labour Code, approved by both houses of parliament in July. Currently, the minimum wage stands at 41.1% of average earnings. From next […]

Read more 14.08.2024

Retraining courses in the Czech Republic: what, where, and how much?

Retraining courses allow both employees and entrepreneurs to expand or acquire knowledge and skills. There are many accredited courses in the Czech Republic.  A lot of attention is currently being paid to the problem of unemployment. Retraining courses is one of the ways to combat it. That’s why the employment service not only helps with […]

Read more 12.08.2024

Czech Annual Report: Requirements and Content

An annual report in the Czech Republic is an important document that contains information about the company's finances and activities for the past year.

Read more 07.08.2024

How to properly account for insurance payouts for the lost property of a sole proprietor in the Czech Republic?

Receiving compensation for damages from an insurance company is a situation that requires special attention in a sole proprietor’s tax accounting in the Czech Republic. Let’s look at some practical examples to understand how to act correctly in such cases. Important to remember: Only sole proprietors (individuals) are subject to tax accounting. Such an entrepreneur’s […]

Read more 30.07.2024

How to get start-up capital to start a business in the Czech Republic

To start your own business in the Czech Republic, you need money. It can be obtained in many ways, so would-be entrepreneurs need not count on themselves. For example, they can get a loan from a Czech bank, grants, money from investors, or people using crowdfunding. Alternative financing methods, such as crowdfunding, investor cooperation, or […]

Read more 26.07.2024

Acknowledgment of debt and agreement to a repayment plan

For a debt to be recognized as valid, the debtor must acknowledge it in writing to the creditor, indicating the reason and amount. Let’s look at the elements of a debt receipt, the most common mistakes when drafting it, and the specifics of the repayment plan agreement. Why the Debt Recognition is Important Section 2053 […]

Read more 25.07.2024

Basic Rules: How to Legally Distribute Profits in Your s.r.o.

Czech law imposes restrictions on profit payments to protect the company’s financial stability and creditors’ rights. A limited liability company (s.r.o.) is one of the most common forms of doing business in the Czech Republic, popular due to its flexibility and relatively simple management. This article delves into a crucial aspect of LLC activity: the […]

Read more 18.07.2024

Tax Audits in the Czech Republic: A Comprehensive Guide for Businesses

Tax audits are a reality for all businesses operating in the Czech Republic, irrespective of size or industry. This guide will shed light on the different types of tax audits, their procedures, and how you can proactively prepare for them. Tax audits in the Czech Republic are governed by the Tax Code (Law No. 280/2009). […]

Read more 16.07.2024

Warning: Non-Publication of Financial Statements May Incur Significant Penalties

Individual organizations in the Czech Republic are required to publish their financial statements in a public register of documents. If a registered entity fails to comply with this obligation, they may face a fine of up to CZK 100,000 or even liquidation. Who is required to publish financial statements in the Czech Republic? Individuals and […]

Read more 12.07.2024

In the Czech Republic, the power of attorney will now be electronic

On July 1, an amendment to the law on basic registers was enforced in the Czech Republic. The new law permits the electronic issuance of powers of attorney. The paper form of power of attorney will also remain, but now people will be able to choose between a digital and paper form. The Advantages of […]

Read more 03.07.2024

Czech Tax Portal Hit by Cyberattack, Filing Deadline Postponed

A hacker attack made the Tax Portal and other financial management web services unavailable. Monday, July 1, was the last day to file an income tax return through a tax advisor, but the department said filers will only face penalties on Tuesday, July 9.

Read more 01.07.2024

From July 1, companies in the Czech Republic are required to report all construction contracts

Employers in the Czech Republic have new responsibilities starting in July. They must now register all employees working for them under a work contract (Dohoda o provenení práce, DPP) and report the income received under such contracts.

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