Closing or pausing your business in Czechia

Minimum wages in the Czech Republic were increased to 12 200 CZK in 2018. An increase in this value naturally leads to an increase in minimum possible deductions for medical insurance. They are equal 1647 korunas now. Even if an employee works under the contract on a part-time employment and earns 2000 or 3000 korunas...

The Czech Republic in numbers: 87% of foreigners moved here for work or business are “generally satisfied”, country ranks high in the Job Security, Work-Life Balance and Career Options sub-categories. Please see a full report here: https://www.internations.org/expat-insider/2017/czech-republic-39210

In this article, we’ll go over the various kinds of taxation on investment income, such as dividends, interest on deposits, debt holdings, P2P loans, sales of shares, cryptocurrencies, real estate, and several other investment vehicles. Income from the investment categories mentioned can be divided into two groups: Income from ownership, §8 of the Income Tax...

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...

Why do foreign companies need to open accounts in Czech banks and what is the procedure? How can DoMyTax be helpful in this task? This is what we will cover in this article. Does your company cooperate with companies from Europe? Do you need state guarantees to protect your funds held on the account? Do...