The Trade License Tax Calculator is a tool created by tax advisors and accountants to help Czech Trade License holders, also known as Zivno holders, calculate income tax, contributions, and net income. This tool is perfect for anyone with a trade license, whether it’s their main income, secondary income, or income during studies or maternity leave.
How to Use the Trade License Tax Calculator
Step 1: Choose Your Tax Registration Type
Start by selecting your tax registration type:
- Main Income: If your trade license is your only income.
- Secondary Income: If you have income from both full-time employment and your trade license.
- Maternity/Student: If you are a student or on maternity leave and have income from a trade license.
Step 2: Enter Your Income Details
Input your yearly gross income from your trade license.
Step 3: Calculate Your Results
Click the "calculate" button to see your results. The calculator will display:
Income Tax
Calculated based on whether your income is main, secondary, or related to maternity/student status.
Contributions
Including health insurance and social security contributions applicable to your trade license income.
Net Income
Your final income after tax deductions and contributions.
Example Calculation
Let’s assume you have a yearly gross income of 240,000 CZK from your trade license:
- Income Tax: Based on your selected tax registration type.
- Contributions: Health insurance and social security contributions are calculated according to your income type.
- Net Income: Your income after all deductions.
The tool will combine these amounts to calculate your overall tax and contributions. For example, if your yearly gross income from your trade license does not reach a certain amount, you may pay 0 social tax.
However, you will always need to pay income tax and health insurance on your trade license income.
Social Tax on Trade License Income:
- For secondary income, there are specific rules for social tax calculation. You might have a minimum income level where social tax is applied and a maximum level beyond which no social tax is charged.
Income Tax and Health Insurance Obligations:
- Regardless of your income level, you must pay income tax and health insurance on your trade license earnings.
Conclusion
The Trade License Tax Calculator is a useful tool for Zivno holders in the Czech Republic. By following these steps, you can easily calculate your net income after taxes and contributions.
This tool helps you understand your take-home pay from your trade license, whether it's your main or secondary income.
The calculator is updated regularly with new government regulations to ensure it provides accurate calculations. It is an excellent resource for managing your Czech trade license taxes effectively
Try the calculator today and get a clear picture of your net income from your trade license!