Taxation

We are offering you newly the bookkeeping and tax consulting services in English language. Based on POA our employees can carry out majority of your tax commitments and make sure you don't need to go to Revenue office every time something occurs.

Up to 30 days after its registration with Companies register is the Czech company obliged to make registration with Revenue office in order to obtain tax registration number. It is very important to have reliable bookkeeping in order to maintain the close communication with Revenue office especially if company is VAT payer and if it has employees.

Income tax: all legal entities are obliged to submit the tax clearance until the 1st. of April for the previous business year. Current income tax rate in Czech Republic is 19%.

Value added tax (VAT): newly formed company can make voluntary VAT registration if it proves to the Revenue office that it has particular reason to do so. Sometimes it is necessary to prove the existence of business contacts with subjects from other EU member countries. This can be made by providing business correspondence. If company does not make voluntary VAT registration it will be obliged to do so if its yearly turnover exceeds 1.000,000 CZK.

VAT payer registered after 01.01.2013 is due to submit monthly tax clearances.