Expat explorer new report: Czechia Is #1 Country for Work Abroad

Minimum wage — 14.600, — CZK The size of minimum deductions for health insurance from citizens without income — 1.971, — korunas The average salary for calculating pensions is 34.835, — CZK Minimum business deductions for 2020: Social insurance — 2.544, — CZK (a new amount of contributions is paid starting from April 2020, after...

Tax policy of the Czech Republic regarding cryptocurrencies, mining cryptocurrencies and selling merchandise and services for cryptocurrencies. All the mentioned points are described in this article. Methodological introduction. The concept of «cryptocurrency» Currently, there are more than 1000 virtual or digital «currencies» also called cryprocurrencies (“kryptoměny (KM)” in Czech) in the world. The most popular ones...

President Petr Pavel has signed the «Konsolidační balíček» — a package of measures to revitalise the Czech Republic’s economy, which will reduce the budget deficit by CZK 150 billion totally in the next two years. The measures out of 65 amendments to laws will start to take effect on 1 January 2024. We have selected...

BREXIT will in one way or another affect all companies and entrepreneurs registered in the UK. Since the country will leave the European Union, it will become a so-called «third country». Trading companies selling and purchasing goods from the European Union will feel the most significant changes. Also, manufacturing companies that purchase raw materials from...

Value Added Tax (VAT) is a tax that is applied at every stage of the production and sale of goods and services. However, VAT payers are entitled to a refund for this tax from the budget of Czechia. In this article, we will talk about the terms and conditions that must be observed in order...