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"Švarcsystém": Navigating an Environment of Diverging Rules Payroll agenda

The debate regarding so-called "Švarcsystém" has been a recurring theme in the business environment for decades. It describes situations where a...

Marek Toráč
Anna Beránková
| 4 min read | May 5, 2026
Instructional Videos for JMHZ on the CSSZ ePortal Payroll agenda

In response to the increasing number of inquiries regarding the Unified Monthly Employer Report (hereinafter " JMHZ "), the Czech Social Security...

Marek Toráč
Anna Beránková
| 2 min read | May 5, 2026
GT Verdict: Sport is Built on Fair Play—But What About Finance? Verdict

In sports, we generally assume that everyone plays by the rules. This trust is a natural part of the game, much like the fact that everyone on the field...

Peter Burnus
| 5 min read | April 27, 2026

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How the minimum levy for self-employed workers will increase in 2025 Personal income tax
Marek Toráč
| 4 min read | December 3, 2024

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CNB interest rates – further increase Advisory

The Board of the Czech National Bank has decided on the following interest rates effective from 1 April 2022:

2 min read | April 4, 2022
Finance Minister waives 2022 road tax advances for all taxpayers Tax & Accounting

As we have already informed you, the government has decided to abolish the road tax for vehicles weighing up to 12 tonnes due to the rapid increase in fuel...

3 min read | March 29, 2022
Determining the tax base of a cooperating person Tax & Accounting

In judgment 4 Afs 490/2019-34 of 22 November 2021, the Supreme Administrative Court (“SAC”) dealt with a dispute between the Regional Court in České...

Roman Burnus
Marek Toráč
| 5 min read | March 22, 2022
Information of the General Financial Directorate on the application of a special provision on the application of tax losses Tax & Accounting

On 11 November 2021, the General Financial Directorate issued information on the application of a special provision of article 38zh of the Income Tax Act...

3 min read | March 22, 2022
Current vs. deferred tax – accounting principles, recognition Corporate income tax

Physical and documentary inventory-taking needs to be performed and closing transactions need to be accounted for before the 2021 financial statement can be...

Jitka Pešičková
| 7 min read | March 22, 2022
ETIAS – a new system for foreigners without visa requirements Taxation of expats

The European Travel Information and Authorization System – ETIAS , is a new EU system applicable to third-country nationals exempted from the visa...

Roman Burnus
| 4 min read | March 22, 2022
The government has decided to abolish road tax on vehicles weighing up to 12 tonnes Tax & Accounting

On Wednesday 9 March, the Government approved the first measures to reduce the impact of the rapid increase in fuel prices. In addition to the cancellation...

3 min read | March 21, 2022
Exemption of income spent on own housing and deduction of mortgage interest in tax return Taxation of expats

The Czech Income Tax Act offers taxpayers a relatively wide range of exemptions from personal income tax on the sale (transfer) of immovable property. One of...

10 min read | March 21, 2022
Change in the average fuel price for the purpose of providing travel reimbursements Tax & Accounting

With effect from 12 March 2022, the Ministry of Labour and Social Affairs is raising the reimbursement of travel expenses for electricity from CZK 4.10 to...

2 min read | March 21, 2022
Donations for Ukraine – deduction from the income tax base Conflict in Ukraine

On 9 March 2022, the Government submitted to the Chamber of Deputies a draft amendment to the Income Tax Act to support humanitarian and charitable...

3 min read | March 11, 2022
U.S. employers managing migration from Ukraine Tax & Accounting

With hundreds of thousands of people fleeing Ukraine in recent weeks, a significant number of those individuals are displaced and working remotely. As the...

3 min read | March 9, 2022
Hedging documentation in accounting or do you know what it is for? Audit

Bookkeeping is not only about entering accounting cases, generating countless reports and analyses, but also about properly documenting accounting cases in...

Jan Vácha
| 7 min read | March 8, 2022
Donations to Ukraine – material aid and VAT Conflict in Ukraine

In the current situation, sending various humanitarian aid to Ukraine is more than topical. Transport of aid sent in the form of necessary goods is usually...

Richard Knobloch
| 5 min read | March 8, 2022
Draft bill brings digitalization in company law Legal

On 2 February 2022, a bill amending certain laws in connection with the use of digital tools and procedures in company law and the functioning of public...

Veronika Odrobinová
| 5 min read | March 8, 2022
Personal Income Tax Return 2021 Taxation of expats

As the time to submit the 2021 tax return draws near, we would like to bring you an overview of the most significant changes that the year 2021 has brought...

Roman Burnus
| 8 min read | March 8, 2022
How to correctly account for long-term contracts for construction work? Audit

In its recent judgment No. 2 Afs 296/2020-64, the Supreme Administrative Court (hereinafter referred to as the “SAC”) dealt with the method of accounting for...

6 min read | March 8, 2022
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