CHANGE IN 60% LUMP SUM in 2019

In 2019 there is a change in the limit for the application of lump sums to self-employed persons.

Most of self-employd people using lump-sum expenditures (60% of income) to reduce the tax base and the taxes.

In 2018 the lump-sum was limited by 600 000 CZK. From 2019 the limit will be increased  to  1 200 000 CZK.

Example:  self – employed people with income 1 500 000 CZK in 2019 may declare expenses of 900 000 CZK, while in 2018 only 600 000 CZK.