Czech Taxes for dummies 2014

About the Guide:

PREFACE

If you feel like a dummy when you have to file a tax return, you might feel like begging for help or for an easy guide in English on how to do it. Learning even some simple facts can help you complete your taxes by yourself and to save money that you would normally pay to a tax advisor.

Czech taxes are not complicated, but you need to know some basic principles.

This guide should help foreigners who want to start their business in the Czech Republic and who want to be oriented in Czech taxes, insurance and other requirements. The guide is focused on freelancers and their problems.

Followings are the most typical questions that you will have when starting your business here in the Czech Republic (CR). You will find answers to these and other questions in this guide.

Do I need a Trade license for my business in CR? (chapter 1)

Where to register my business? (chapter 2)

Do I need to register as a VAT payer? (chapter 3)

How do I fill in an Income tax return? (chapter 4)

Do I need to pay Social and Health Insurance (SHI)? (chapter 5)

How do I do the bookkeeping? (chapter 6)

Do I need to register for Road tax? (chapter 7)

What is Working contract and must I pay SHI from the salary? (chapter 8)

 

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Extract from the CONTENT:

1.      TRADE LICENSE

2.      TRADE LICENSING OFFICE

3.      VALUE ADDED TAX – VAT (“DPH”)

3.1.       What is VAT?

3.2.       Who has to register as a VAT payer?

3.3.       Person identified for VAT

3.4.       VAT Return

3.5.       EU Sales list {Souhrnné hlášení VIES}

3.6.       Simple examples of VAT filling

4.      PERSONAL INCOME TAX {Daň z příjmů fyzických osob}

4.1.       Administrator of the tax

4.2.       PIT Rate and calculation of the tax

4.3.       The tax base

4.4.       Deductions from the tax base

4.5.       Tax rate

4.6.       Deductions from the tax

4.7.       Income excluded from income tax

4.8.       Double taxation

4.9.       Payment of the tax

4.10.     Example of the ITR with Att. 1, 2 & 3

4.11.     Examples

5.      SOCIAL AND HEALTH INSURANCE (SHI)

5.1.       Social Insurance (SI)

5.1.1.         How much to pay?

5.1.2.         ČSSZ Summary of income and expenses {Přehled o příjmech a výdajích OSVČ}

5.1.3.         Example of the ČSSZ Summary of income and expenses in Att. 4 of this guide

5.1.4.         Instructions for filling in the Summary of income and expenses

5.2.       Health insurance

5.2.1.         Health Insurance of Foreigners

5.2.2.         The rate

5.2.3.         Advances

5.2.4.         Health Summary form for freelancers {Přehled pro OSVČ}

5.2.5.         The VZP Summary form is in Attachment 5 of this guide

5.2.6.         Instructions for filling in the VZP Summary form

6.      BOOKKEEPING

6.1.       Single or double-entry bookkeeping

6.2.       Single-entry bookkeeping

6.3.       Foreign currency

7.      ROAD TAX {Silniční daň}

7.1.       The road tax

7.2.       Rates of road tax

7.3.       The road tax return and payment

8.      WORKING CONTRACT

8.1.       Agreement on Performance of Work {Dohoda o provedení práce}

8.2.       Agreement on Working Activity {Dohoda o pracovní činnosti}

8.3.       Income tax from working contracts