What are your options if you decide to pause or stop your business activities in Czech Republic? Please check our material here: https://firma.domytax.cz/en/shanging_ownership_or_-liquidation_of_a_company_sole_proprietorship_in_szechia
Other interesting articles
Read all
Legal address of a company or sole proprietorship in Czechia
Basic business registration item – legal address, why it’s needed and where to get it: https://firma.domytax.cz/en/legal_address_in_czechia
New requirements for employers from 1 July 2024 under the DPP
From 1 July 2024, all employers in the Czech Republic will be obliged to report monthly on concluded contracts for work (DPPs) Initial provision on performance contracts The DPP changes were originally introduced by Act No. 349/2023 Coll. known as the consolidation package to improve the state budgets. The proposal stipulated: New obligations of employers...
A special kind of a VAT payer: identified person to VAT
We already described ways of obligatory registration of a physical or a legal person entrepreneur as a VAT payer in our blog post. Here we will introduce one more way to register as a VAT payer, specifically as an identified person (Czech editor’s note ‘identifikovana osoba’, hereinafter only identified person). What is it and what...
Don’t forget to pay your estate tax in 2024
As of January 1, 2024, the Czech Republic experienced a sharp increase in property tax rates, by about 80% compared to 2023. For some taxpayers, the tax increased several times due to the introduction of local increasing coefficients. Taxpayers did not have to file a tax return due to the change in rates. The tax authority itself...
The place of cash in financial reports
Despite the fact that the number of transactions carried out in cash among Czech companies and entrepreneurs is decreasing rapidly, they still take place. We live in a digital era ruled by the same digital money, however today we are going to describe the role of cash in financial reporting and accounting, the limits on...