Closing or pausing your business in Czechia

VAT (value-added tax) is often called a universal one as it is very frequently paid by physical and legal persons. It is obligatory in most countries including the Czech Republic to pay VAT. There are certain cases when companies and sole traders must register as VAT payers and we will describe them here. Type 1...

The point is that there still is no common understanding regarding what cryptocurrency is. The notion is interpreted differently in different countries. In some countries like Japan, Switzerland, and the United Kingdom, cryptocurrency is considered as payment means, however, they are not considered as currency.  In Australia and the United States, they are considered as property,...

It is more difficult to withdraw money from your own business than you might think. In fact, the rules around withdrawing money create problems for business owners, due to tax law regulations. However, we can guide you through some legal solutions to these issues.  Withdrawing funds through dividend payments:  Many experienced tax consultants consider dividend...

The country took a medium place of the tax rate level among the countries of the European Union. Its effective taxation system for entrepreneurs allows paying 10% per year. The Czech Republic is a perfect, friendly arena for medium and small businesses from the points of comfortable and cost-effective taxation system and reasonable accounting service....

For whom You are EU citizen or you have a financial connection to Czechia like job contract with local company, you pay or receive rent here, you are registered as a Czech Sole Trader You need to save money on transfers from account to account within the EU? You need a reliable bank with guarantees...