Important figures in 2020

2020-02-28 15:12:36

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 the submission of the annual report)

Health insurance — 2.352, — CZK (due date for January 01.01.2020 to 8.02.2020)

Subsistence allowance amount in the Czech Republic:

5-12 hours — from 87 to 103 korunas

12-18 hours — from 131 to 158 korunas

More than 18 hours — from 206 to 246 korunas

The amount of compensation for the use of a personal car for business purposes is 4.2 korunas per 1 km

The price of gasoline for its reimbursement to employees:

Gasoline 95 — 32 CZK/liter

Gasoline 98 — 36 CZK/liter

Diesel — 31.8 CZK/liter

Electricity for electric vehicles — 4.80 CZK/kWh

Payment for making an entry in the real estate Cadaster 2000, — CZK (previously 1000, — CZK).

Chat with us :
These services you can order with us
Other interesting articles
    How to withdraw funds from a company legally
    How to withdraw funds from a company legally
    30-05-2022
    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...
    Living in the Czech Republic
    Living in the Czech Republic
    28-11-2017
    The Czech Republic is one of the most comfortable countries in the European Union to move to, to do business and to live in. The Czech language belongs to the same Slavic group as Russian does; the Czech Republic is used to expats (every 14th citizen is a foreigner); the rights of the foreigners and...
    Closing or pausing your business in Czechia
    Closing or pausing your business in Czechia
    26-05-2017
    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
    Introducing a new product: Registration of a holding company in the Czech Republic
    Introducing a new product: Registration of a holding company in the Czech Republic
    10-06-2024
    We are pleased to announce the launch of our new service — turnkey registration of a holding company in the Czech Republic. This product is designed for companies seeking to optimise tax costs, diversify risks and improve asset management. The service offer and its price can be found here. Advantages of a holding company Why...
    Position of the Czech Republic in the “Doing Business” rating
    Position of the Czech Republic in the “Doing Business” rating
    28-11-2017
    Doing Business is a research annually conducted by the World Bank aimed to study the simplicity of performing business in the developed countries. This research has been conducted for 15 years already. It spots the states attractive for doing business based on the certain criteria: convenience of tax system, accounting cost, market possibilities and development...