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Individual Tax Consultations in the Czech Republic

NAWI Tax Advisory Services: Comprehensive and Turnkey Solutions

Do you need answers to your tax questions right now and as quickly as possible? NAWI offers a wide range of services, including tax consulting, tax return preparation, and representation before tax authorities.

Our tax consultants will develop an optimal tax strategy for you, which will help you to:

Navigate the complexities of Czech tax legislation;
Identify opportunities for legal tax optimization;
Avoid penalties and sanctions for incorrect tax calculations.

OUR ACHIEVEMENTS

Our rating on Google – 5.0

Award from the magazine The CEO Magazine

The first business AI assistant in the Czech Republic according to the magazine INNOVATION

Top 10 Business Development Companies in the Czech Republic by magazine PREMIUM GUIDE

Top 5 promising startups in real estate according to magazine REAL ESTATE BUSINESS

Who Needs Tax Consultation

Whether you are starting your own business or already managing a successful company, tax consulting should be a top priority.

Expert tax support can be beneficial for:

Companies and individual entrepreneurs during the launch and development of their business.
Self-employed individuals who are officially engaged in work activities.
Private individuals who need to address issues related to the payment of taxes on real estate, land, movable property, or need to file an income tax return.

Taxes in the Czech Republic

The Czech tax system is characterized by transparency and relatively low rates compared to other EU countries.

Value Added Tax

Similar to VAT in other countries, it is applied to the sale of goods and services.
Rates:
- 21% — General rate, applied to most goods and services.
- 15% — Reduced rate, applicable to certain goods and services such as food products, books, passenger transport, etc.
- 0% — Applied to the export of goods and services.

Corporate Income Tax

A tax on the profit of legal entities.
Rate: 21% of taxable profit.
Tax period: Calendar year.

Personal Income Tax

Rates depend on the type of income and other factors:
- 15% — If annual income does not exceed 1.935 million CZK.
- 23% — If annual income exceeds 1.935 million CZK.
Types of income: Employment, business activities, rental income, and others.

Property Tax

The rate is set by local authorities and depends on the type and location of the property.

Other Taxes:

Excise duties on alcoholic beverages, tobacco products, fuel, etc.
Inheritance and gift tax.
Luxury tax.

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Tax Discounts and Bonuses in the Czech Republic

Tax Discounts for Individuals

Basic Tax Discount: 30,840 CZK per year (2024) for each taxpayer.
Spouse Discount: 24,840 CZK per year if their income does not exceed 68,000 CZK and the child is under 3 years old.
Child Tax Bonus:
- 15,204 CZK per year for the first child;
- 22,320 CZK for the second child;
- 27,840 CZK for the third and subsequent children.
Disability Discount: From 2,520 CZK to 16,140 CZK per year, depending on the degree of disability.

Tax Bonuses for Businesses

Tax holidays for up to 10 years for large investment projects.
The ability to deduct up to 200% of R&D expenses from the taxable base.
Accelerated depreciation for certain types of assets.
Special tax conditions for new startups.
Exemption from dividend tax under certain conditions between parent and subsidiary companies within the EU.

How to Obtain Tax Benefits?

To take advantage of tax benefits and bonuses, it is necessary to correctly fill out the tax return and provide the required documents. It is recommended to seek tax consultation from an expert.

Key advantages of collaborating with NAWI:

Simple

Online service arrangements, access to notarial services without queues, and courier document delivery for client convenience.

Safe

Our independent consultants focus on protecting your interests, ensuring objectivity and a responsible approach to each transaction.

Cost-effective

You only pay for services actually provided; we guarantee the efficiency of your investments in our services.

Transparent

Continuous online access to the status of your case; we ensure openness and control over the process.

Penalties for Non-Payment of Taxes and Late Filing of Reports in the Czech Republic

Penalty for Late Filing of Tax Returns

If tax reports are filed late, a penalty of 0.05% of the tax amount is charged for each day of delay, but not exceeding 5% of the total tax amount.

Penalty for Non-Payment of Tax

For late payment of tax, a penalty of 0.05% of the outstanding amount is charged for each day of delay.

Additional Penalties

If intentional tax evasion is detected, the penalty can reach up to 20% of the unpaid amount, and in particularly serious cases, up to 100%.

Legal Liability

In extreme cases, tax violations can lead to criminal prosecution, including imprisonment.

Legal Tax Optimization Methods

Our experts will help you find legal and effective ways to reduce your tax burden:

Replacing one type of contractual relationship with another;
Deferring tax payments;
Reducing the taxable base;
Delegating tax responsibilities to a satellite firm;
Changing jurisdiction;
Utilizing all available benefits and preferences;
Accelerating depreciation.

Important: We operate strictly within the framework of the current legislation of the Czech Republic and the European Union and do not offer illegal tax evasion schemes.

How to Start Working with NAWI?

Schedule a Consultation.
We will briefly discuss your situation to select the right specialist—either a lawyer or a tax consultant.
Agree on a Date and Time for the Consultation. The consultation usually takes about an hour.

We offer tax consultations both in-office and online. Financial consultations on tax matters are available in Czech, English, Ukrainian, and Russian.

Get a consultation

Our Cases

Client: NDA

Licensing a Company for Pharmaceutical Trade

Client: NDA

Relocation of Assets to the Czech Republic, ensuring premium banking, compliance procedures, audit of investment projects.

Client: NDA

Legal support in real estate purchases, due diligence of the property, establishing contacts, escrow account.

Client: NDA

Relocation of a business to the Czech Republic. Relocation of employees, business licensing, product licensing. (Door manufacturing, 70 employees)

What do our clients say about us?

Dmytro Taran

I recently had the pleasure of working with NAWI, and I couldn’t be more satisfied with the experience. From the very beginning, their team demonstrated exceptional professionalism and expertise. They are truly dedicated to delivering high-quality solutions tailored to their clients’ needs.

NAWI’s innovative approach and deep understanding of the industry set them apart from the competition. Their attention to detail and commitment to excellence are evident in every aspect of their work. Whether it’s project management, technical implementation, or customer service, they consistently exceed expectations.

One of the standout features of NAWI is their ability to communicate complex technical concepts in a clear and understandable manner. This makes the collaboration process smooth and efficient. Their team is always available to provide support and answer any questions, ensuring that projects are completed on time and to the highest standard.

In addition to their technical prowess, NAWI also prioritizes building strong relationships with their clients. They take the time to understand your unique needs and offer personalized solutions that drive success. It’s clear that they genuinely care about the success of their clients and go above and beyond to achieve it.

Overall, my experience with NAWI has been outstanding. I highly recommend them to anyone seeking top-tier services in their field. They are a true partner in success, and I look forward to continuing our collaboration in the future.

Thank you, NAWI, for your exceptional work and dedication!

Marsel Prokopev

Не первый раз убеждаюсь, что компании можно доверить решение даже самых сложных задач. При любом вопросе обращаюсь в NAWI для решения проблем с компанией, и вопросами взаимоотношений с партнёрами по бизнесу. Профессионалы, для них нет нерешаемых вопросов. Готовы найти максимально возможное выгодное для компании решении. Рекомендую!

Андрій Грицюк

Враження від зустрічі та роботі з компанією – найкраще! Суперпрофесійна консультація. Наполегливо рекомендую всім, кого цікавлять питання бізнесу в Чехії

Max Baikalov

Обратился в Nawi Europe по рекомендации друзей и остался очень доволен качеством предоставленных услуг. Особую благодарность хочу выразить Эдуарду за его профессионализм, внимание к деталям и искреннее желание помочь. Эдуард оперативно и грамотно решил мой вопрос, разъяснил все нюансы и предоставил подробные консультации на каждом этапе.

Theodore Tserni

Great advice from very competent professionals regarding a surprisingly large variety of business related questions! Definitely recommend to anyone interested in finding the most efficient path to solving various challenges.

Ирина Курунськая

Три года я обслуживаюсь в компании. Уже этот факт «говорит сам за себя». За этот период было Очень много разных вопросов и по направлениям, и по сложности, и по нестандартности, неординарности. Но, если вы постоянный клиент, можете рассчитывать на самое «глубокое погружение», изучение, быстрый поиск решения и оперативное исполнение.
Основываясь на собственном опыте, утверждаю, что в лице Эдуарда и сплоченного коллектива, вы найдете надежного партнера. Рекомендую

Артур Луганский

I was recommended to contact NAWI Europe and specifically Eduard for financial matters. We quickly arranged a meeting. Eduard proposed a solution, warned about potential pitfalls that needed to be considered. During the process, he did everything that depended on him and even more: he checked contracts, recommended people to solve issues that did not directly concern him. Everything was done clearly, on time, and within my budget.

Only positive impressions from the cooperation. I recommend NAWI Europe and Eduard personally as a professional and as an honest and responsible person.

Frequently Asked Questions

Who is required to keep accounting records in the Czech Republic?

All legal entities (companies), individual entrepreneurs, and non-profit organizations are required to maintain accounting records in the Czech Republic.

What forms of accounting are available in the Czech Republic?

There are several forms of accounting in the Czech Republic, the choice of which depends on the size and type of business activity. The most common are the simplified and full accounting systems (for small enterprises and larger companies, respectively).

When is it necessary to file a tax return in the Czech Republic?

The deadlines for filing tax returns depend on the chosen taxation system and the type of business activity. Typically, the tax return is submitted once a year, but there may also be interim reports.

What documents should be kept when maintaining accounting records in the Czech Republic?

Companies must keep all documents related to financial transactions, such as receipts, invoices, payment orders, and contracts. The retention period for documents is 5 years, financial and annual reports are kept for 10 years, and payroll documents for 30 years.

What documents are required to register a company in the Czech Republic?

To register a company in the Czech Republic, you will need the company’s articles of association, founding documents, proof of registration of the legal address, and confirmation of payment of the share capital. The registration process usually takes 1 to 3 weeks, depending on the region.

Can a company be registered remotely in the Czech Republic?

Yes, in some cases, it is possible to register a company in the Czech Republic remotely, but notarized powers of attorney and other documents will be required.

What taxes are paid when registering a company in the Czech Republic?

When registering a company in the Czech Republic, you must pay a state fee and value-added tax (VAT) for registration services.

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