TAX ADVICE IN THE CZECH REPUBLIC

What taxes must be paid in the Czech Republic?

Income tax (CIT) is 19%, preferential terms for basic investment funds – 5%, if the formation of a pension fund – no tax is paid.

Also, certain categories of companies have tax benefits if they are engaged in activities for the public benefit:

• Business corporations
• Czech television, radio, press services
• Professional chambers or taxpayers established to protect business interests
• Medical insurance companies
• Associations of unit holders
• Family funds

VAT in the Czech Republic is 21%, the debt arises after an annual turnover of 1,000,000 kroons in 12 months.

• 15% – soft drinks, takeaway food, water supply, medical equipment, social housing, child car seats, firewood, food in restaurants and cafes and others
•  10% – baby food, pharmaceuticals, books, newspapers and other periodicals, gluten-free food.
• The 0% rate applies if the goods are delivered within the EU, or export operations are carried out, as well as when transporting goods internationally within the EU.
• Income tax on legal entities and individuals – 15%, possible exemption from taxation in the presence of concluded tax agreements.
• Interest and royalties – a rate of 15% (unless otherwise provided by the tax agreement), 35% – in the absence of such an agreement at all.
• Real estate tax – in case of purchase of real estate, you must pay a tax of 4% of the value (this value must be specified in the contract or in the assessment). There is also an annual property tax, which depends on the type of property.

Optimization of taxes (taxation) in the Czech Republic

The professional assistance of lawyers in the Czech Republic in the field of tax payment is that the specialist will help to find the legal and most effective ways and means that will help the business owner to pay lower taxes. Finding the most rational solution to your problem is a priority for our company, so you can be sure that your task will be completed one hundred percent. Therefore, you should definitely consult our tax lawyer.

A tax lawyer in the Czech Republic will provide qualified assistance in choosing the appropriate tax system for businesses in the Czech Republic regarding:

• value added tax in  Czech Republic VAT (value-added tax),
• corporate income tax (CIT – corporate income tax),
• personal income tax (PIT – personal income tax)
• social contributions from employees (ZUS)
• local tax in the Czech Republic
• tax on dividends in the Czech Republic
• excise duty in the Czech Republic

Exit tax optimization (Czech Republic)

Among the most common tax optimization mechanisms in Poland:

• Creation of a group of companies which includes funds in Luxembourg, the Netherlands, Liechtenstein, Cyprus and other jurisdictions in depending on the profile of your business and its features.
• Expand your business to favorable tax residencies (Hong Kong, Singapore, Slovakia).
• Foreign asset refinancing systems.
• Use of offshore zones for Chezb business.

What are the responsibilities of the tax lawyer of Prykhodko and partners:

• Tax advice in the Czech Republic
• Tax assessment in the Czech Republic
• Preparation of tax documents in the Czech Republic
• Tax Representation in the Czech Republic
• Settlement of tax disputes in the Czech Republic

What is the cost of tax advice in the Czech Republic?

Leave your phone number and our specialists will contact you.

Representation in the tax authorities (tax representation) of the Czech Republic from Prykhodko and partners – it is consulting, preparation of all necessary documentation, relations with tax authorities of the Czech Republic and the EU on VAT, CIT, PIT, ZUS, etc.