Taxrates for Companies and Individuals in Czech Republic
Filing Dates / Payment Dates for Tax Returns
| 31.01.2016 | for Property Tax payment, Property Tax Return and Road Tax for company cars. |
|---|---|
| 31.03.2016 | for Corporate Tax Return and Personal Income Tax Return. |
| 25.04.2016, 25.07.2016, 25.10. 2016, 25.01.2017 |
for Quarterly VAT Tax Return, for Monthly VAT Return it is the 25. of the next month. |
| 15.03.2016, 15.06.2016, 15.09. 2016, 15.12.2017 |
for Bi-annual and quarterly Income Tax Prepayments, in case of high income / revenue. |
SRO Corporate Tax
| Profit Tax (of s.r.o's) |
21% (in 2008), 20% (in 2009) and 19% (ifrom 2010 on) note: due to the economic situation, these percentages may change. |
|---|---|
| Tax loss carry forward | 5 years |
| Witholding Tax (dividends) |
15% - to be applied after the tax on profit. |
| VAT |
10% VAT (baby food, some medicine, some printed books) 15% VAT (mostly foodstuffs etc.) 21% VAT (on goods and services) |
| VAT Refund Period | 30 days - the taxoffice will refund within 30 days after filing the VAT report. You also have the obligation to pay within 30 days. VAT and VAT Registration in Czech Republic. |
Employee / Income Tax, Social Charges and Health Insurance
| Employee/Personal Income Tax | 15% - but for the part over 48 times the average income (1.242 432 CZK) an additional 7% solidarity tax is added. (valid from 01.01.2015) |
|---|---|
| Employee Social Security Charges | 25% - employer's part, 6.5% - employee's part (2015) |
| Employee Health Insurance Charges | 9% - employer's part, 4.5% - employee's part (2015) |
Živnostenský List / Trade license Tax
| Standard Expense Deduction | 60% * - whether you make expenses or not, the remaining 40% is the basis for taxes and charges. * for most professions, for 'manual' labor it can be up to 80% |
|---|---|
| Income Tax | 15% - calculated over the remaining 40% of the total revenue. but 22% if the tax base is over 1.2 M CZK no personal tax deduction and deductions for non-working spouse and children can be claimed with the 60%/40% system (valid from 01.01.2015) |
| Social Charges | 29.2% - calculated over 20% of total revenue. Minimum monthly charges 1.890 CZK (2015) |
| Health Insurance | 13.5% - calculated over 20% of total revenue. * Minimum monthly charges 1.7487 CZK (2015) * 3rd-Country Nationals without permanent residence permit pay nothing, they paid for health insurance when applying for the visa. |
Other Tax
| Company Car Tax | To be paid in 4 parts, or at once in the beginning of the year. Costs are between 1.000 and 4.000 CZK, depending on engine size. A car used for a company must be registered for silnicní dan. This is not the same as the highway sticker. Company Car in s.r.o Company or Trade License |
|---|---|
| Property Tax | An owner of property will have to pay taxes, consisting of 2 parts, building tax and landtax. For both the tax is calculated according to: the number of sqare meters (of the building or land), multiplied by the tax rate (depending on the use of the space), multiplied by the coefficient (depends on the city). |
| Rental Income Tax | There are 2 ways of calculating the taxable income: rental income - calculated expenses and deductions, or rental income - a standard expense deduction of 30 % This income is subject to personal or corporate income tax. |
| Realestate Transfer Tax | 3.5%, to be paid by the seller, based on an official assessment or the salesprice, whichever is higher. |
| Capital Gains Tax | when non-commercial property is sold (with profit) within 5 years of purchase, capital gains are subject to tax. Capital gains are defined as purchase price - sales price. |