PRAGUE, CZECHIA – Self-employed persons (Osoby Samostatně Výdělečně Činné – OSVČ) in the Czech Republic must prepare for significant legislative changes coming into effect in 2025 and 2026. The Czech Social Security Administration (ČSSZ) is implementing mandatory electronic communication and substantial increases to the minimum monthly assessment base for pension insurance. The Shift to Mandatory…
Entrepreneur expats invoicing in the Czech Republic must grasp VAT (DPH – daň z přidané hodnoty) regulations to ensure compliance and smooth business operations. Here’s a comprehensive guide to understanding the mandatory 2 million VAT registration threshold and its implications. What triggers the mandatory VAT registration? Exceeding a turnover of 2 million CZK within 12…
Are you considering becoming a sole trader in the Czech Republic? If so, understanding the various types of trader’s licenses available and their respective requirements is crucial. In the Czech Republic, there are four main types of licenses, each with its own set of conditions for acquisition. Let’s delve into how to obtain a trader’s…
If you come from abroad but pay your taxes in the Czech Republic, navigating the differences between your home country’s tax system and that of the Czech Republic can be difficult to figure out. This guide aims to shed light on the variances, focusing particularly on the intricacies of freelance tax obligations. Main Highlights of…
In 2024, freelancers and expat entrepreneurs in the Czech Republic have three key accounting methods at their disposal. These are the Tracking Expenses Method, the 60/40 Method, and the Flat Rate Tax Method. Understanding these options is essential for efficient tax management and financial organization. The Three Accounting Methods for Freelancers in Czechia Find out…