Legal address of a company or sole proprietorship in Czechia

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...

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...

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...

Changes in VAT rates The consolidation package of measures brought changes also in the Czech VAT. In particular, the VAT rates have changed. Instead of the existing 2 reduced rates: 15% and 10% from 1 January 2024 will be reintroduced only one – 12%. The basic rate will remain unchanged.  Transfer between different VAT rates...

Starting in 2025, the cryptocurrency market in the Czech Republic will enter a phase of significant transformation. The pan-European MiCA (Markets in Crypto-Assets) regulation will come into force, establishing unified legal standards for all industry participants. This marks the end of legal uncertainty and the beginning of crypto companies operating under clear and predictable rules...