On June 12, the Czech government approved an amendment to the VAT Law that simplifies the turnover calculation and determines the need to register for VAT. The key changes include the calculation of the turnover limit for mandatory registration as a VAT payer for the calendar year, instead of the previous 12 consecutive months. A […]
It’s been nearly two years since the Czech Republic banned telemarketing, but unwanted phone offers haven’t disappeared entirely. How can you effectively resist these annoying calls and even get compensation? On July 1, 2022, Law No. 374/2021 Coll. on Electronic Communications came into force, introducing a complete ban on telemarketing and imposing heavy fines for […]
A tax entity in the Czech Republic that has the right to access the tax information box may also allow another individual to access it. However, to gain access to the DIS, an individual needs to provide their identity. A person with authorization to access a taxpayer’s tax information box must decide how much access […]
Thorough due diligence before purchasing a company is an important step to help identify risks. This analysis, called due diligence, focuses on financial, legal, and tax aspects. This enhances the buyer’s comprehension of the company’s assets, debts, business partners, and other aspects. If you need assistance with analysis, please get in touch with our company. […]
Renting out real estate is the most common passive income for individuals in the Czech Republic. However, there is a distinction between renting out real estate and providing accommodation services. Read about the differences between these two situations, including practical examples. The main advantage of renting out real estate is the regular, stable income that […]
The obligations for notifying a foreign worker or EU citizen are changing. You can now submit such notifications only in XML format. Additionally, it introduces three different reporting methods, as well as entirely new concepts. Starting in July 2024, the Czech Republic will require electronic communication to meet businesses’ information responsibilities when employing international workers. […]
An amendment to the anti-money laundering law (Law No. 253/2008 Sb.) was enforced in the Czech Republic at the start of May, introducing new obligations for persons providing services related to virtual assets. Such persons also include those who manage assets through investment funds. What new obligations will arise with the amendment to the Anti-Money […]
If you are considering buying a new car, you can use operational leasing. This offers many benefits. Many companies offer this service. We’ll tell you how operational car leasing works in the Czech Republic. Operating a lease is similar to leasing a car. The car is owned by a finance company, which is responsible for […]
The Czech Republic is going to raise license fees for radio and TV in 2025. However, small businesses will not have to pay these fees to use radio and TV. The Czech Ministry of Culture has made a change to the rules about how businesses can pay their radio and TV license fees. If approved, […]
The European Parliament has approved new rules that will ensure that bank transfers will arrive in an account within ten seconds, regardless of the day of the week or time of day. The rules will apply to retail customers and small and medium-sized enterprises. Parliament provisionally approved the regulation in November to ensure safer transfers […]
The Czech Ministry of Industry and Trade (MPO) published a package of 23 proposals to reduce the bureaucratic burden on entrepreneurs in trade, employment, environment, and tax administration and sent it for interdepartmental discussion. Minister Josef Sikela wants all proposed measures to come into force no later than July 1, 2025. Individual proposals include tasks […]
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 […]
