In 2021, the Czech Financial Office introduced a new flat tax reporting method. As of 2024, the minimum flat tax amount in the Czech Republic is 7 498 CZK monthly. This amount covers health insurance, social insurance, and income tax – with no paperwork and limited legwork involved.
Updates to the Czech flat tax in 2024 include:
The flat tax limit is up to a maximum of 2 000 000 CZK, divided into the three bands above, and depending on gross income level.
However, keep in mind that sometimes it is not advantageous to take on a flat tax reporting regime. Paying a flat tax makes more sense for single entrepreneurs. This is because these taxpayers often have few discounts, along with no tax bonuses from offspring.
If you have children, or expect to claim various relief and discounts, other tax reporting methods will be more advantageous. Remember to always consider professional tax consultation before signing up for flat tax reporting if in any doubt.
What’s in your Czech flat tax Assistance Package?
What you need to provide
Passport
Residence permit
Trade license or company registration number (IČO)
A signed power of attorney for obtaining a Flat tax registration (to be completed at our office)
The last day for registration is 11.1.2024 (for active trade license)
Steps
Book your appointment with us;
Meet at our office and bring all the documents you need to provide;
Sign the power of attorney for obtaining your Flat tax registration confirmation;
We arrange your Flat tax registration for you;
Your Flat tax registration is ready!
Come to our offices to pick up the confirmation.