VAT Payment Calculator

As a Czech taxpayer, you must register as a VAT payer when your annual turnover exceeds CZK 2 million. You may also need to pay VAT in certain cases (gaining assets via privatization, merger, or the sale of a company). In other circumstances, you might register to pay VAT voluntarily. No matter the situation, this VAT Payment Calculator should help make your life a bit easier. Use it to calculate exactly how much VAT to add to your Czech invoices in 2024.

VAT Payment Calculator

Input your VAT payment details and VAT rate to calculate VAT in 2024
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FAQs
Use this calculator to estimate income taxes as a content creator in the Czech Republic. This includes for YouTubers, digital performers, OnlyFans creators, online private content providers, and content producers of other online platforms. Results will help you compare tax reporting methods when filing earnings as hobby income versus as self-employed, freelance income. Simply input your annual gross income, and press calculate. The calculator will estimate your net earnings after taxes and payments to social security and health insurance (if any).
If you sell or produce content that generates earnings online, all of it is taxable in the Czech Republic. This includes income from subscription-based content platforms, online private content, and any content that generates revenue from views or ads. Taxpayers must declare income like this as either from self-employed business activities, or as hobby income.
Any income from platforms where you sell content is declarable as hobby income or freelance income. However, if declaring hobby income, you cannot file using the 60/40 tax reporting method. Instead, you must report total earnings, and pay either 15% or 23% income tax depending on total income. In this case, tax discounts and bonuses can still apply. There are also no mandatory payments to social security or health insurance, and hobby income is VAT-free. On the other hand, freelance income requires a trade license and mandatory contributions to social and health. It is declarable along with all other income from freelancing using the 60/40 method.
Note: All personal income tax calculations include the standard taxpayer’s discount. This discount is available to all taxpayers in the Czech Republic. In 2024, the discount deducts CZK 30,840 from a tax rate of 15 - 23% based on net income. If the taxpayer’s discount is higher than taxable net income, calculator results will be zero.
If self-employed on a Czech trade license, it’s often advantageous to declare income using the 60/40 reporting method. This is for income up to a maximum of CZK 2 million, and provides taxpayers a 60% expense allowance. In this case, the taxpayer deducts 60% from gross annual income without needing to provide proof of any real expenses. The remaining 40% is then taxable, at either the standard 15% or 23% rate depending on total earnings.
Using the 60/40 method, let’s say you earned CZK 300,000 gross as a self-employed content creator last year. 60% of this will be cost allowance, amounting to fixed expenses of 180,000. The remaining 40% is taxable income, in this case CZK 120,000. Thus, the calculation becomes: 120,000 (taxable income) - 15% (tax rate) = CZK 18,000 (tax amount). However, there is still the basic taxpayer’s discount you claim. Thus, the final calculation in this individual case becomes: 18,000 (tax amount) - 30,840 (taxpayer’s discount) = CZK 0 (final tax amount).
It’s only possible to deduct business expenses on a personal income tax report if filing using ‘real expenses’. In this case, the 60/40 reporting method cannot apply. Thus, it’s important to consider if your real expenses are truly higher than 60% of gross annual income. Usually, you will find this is not the case. This is especially true for those who earn solely as content creators, such as YouTubers and OnlyFans creators. It also applies to freelancers in consultancy, sales, and IT industries. These freelancers tend to have less business expenses, and thus find the 60/40 method more advantageous.
If you want to start freelancing in the Czech Republic, you need to register a trade license (Živnostenský list). The Czech fair trade license is necessary to both officially invoice clients and to declare income from self-employed business activities. It registers the freelancer for specific business activities, and provides tax and business identification to invoice goods or services. Need help creating legal invoices, in Czech or English? Try Pexpat’s free, Czech Online Invoice Generator for automated, hassle-free invoicing.
When you start freelancing, you pay only the minimum monthly social and health deposits for the first year. After this year, the Financial Office may then require you to pay any remaining balance depending on your total income. In 2024, the minimum monthly advance deposit for social security increases to CZK 3,852 (CZK 46,224 minimum per year). That is 55 percent of clean income * 29.5. Minimum health insurance payments then increase to CZK 2,968 per month (CZK 35,616 minimum per year). This amount derives from 55% of clean income * 13.5 for mandatory health insurance. And just as with social security, keep in mind these payments remain mandatory even if reporting zero OSVC income.
Yes, it is possible to invoice in EUR or in USD. However, always add a note onto invoices stating the exchange rate from the Czech National Bank (CNB) on the date of issue. For example, an invoice label may state: “on 1.1.2024, the exchange rate of 1 EUR = 24.52 CZK.” In this way, you will be able to accurately and easily report earnings for your tax return in Czech koruna.
In general, crypto or capital gains net income derives from subtracting the original purchase price and transaction fees from the final sales price. This may include the difference between mining costs and revenue from it, or profit from inherited / donated assets. It is also the difference of production costs (service, exchange), and revenues from any sales. The remainder is the tax base (taxable net income), which tax rates of 15% to 23% then apply. To better understand crypto and capital gains taxes, consider using Pexpat’s online Crypto and Capital Gains Tax Calculator.
Students earning less than CZK 86,000 annually do not pay any taxes or contributions to social and health insurance.
The Czech Republic is a popular country for internationals to work and save on taxes as freelance or hobby content creators. For one, the taxes on Czech-based freelancers and self-employed entrepreneurs aren’t as high as in other EU countries. It’s also easy to declare income from content production as hobby income in addition to other earnings. If freelancing, taxes are also minimal, and there is the flat tax option that can simplify taxes even further. Curious to learn more? Czech out our flat tax registration services to see what makes most sense for you.
Want professional accountants to handle your income tax return in the Czech Republic? At Pexpats, certified tax agents file taxes for both freelancers and full-time employees, no matter how complex the tax return. Our services serve many clients, from YouTubers and freelance content creators to those in consultancy, IT, sales, and more. We will investigate and suggest the best tax regime for each individual case, including eligible tax relief, discounts and bonuses. Just let us know how we can help, and we’ll take those taxes off your hands immediately.

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