Articles
Import of Goods from Third Countries: VAT, Customs Duty, SAD and Accounting
In brief: The obligation to declare VAT on import arises when the goods are released into the relevant customs procedure, typically release for free circulation. A VAT payer established in the Czech...
Opportunity Cost: What Does a Decision Cost Us?
When a manager or entrepreneur looks at the income statement (profit and loss statement), they see a clearly organized overview of costs: wages, rent, materials, energy. However, there are costs that...
How is income tax handled on the sale of a car by a self-employed individual?
The sale of a car can be relatively complicated from an income tax perspective for entrepreneurs, with various possible outcomes. When and how is this income taxed? Let us look at the key aspects of...
Loans between a Shareholder and a Company and the Obligation to Charge Interest
If a company finds itself in a more challenging financial situation due to various factors, there are many ways to gradually address it. One of them is a loan provided by one of the company’s...
Business ID, Tax ID, and VAT ID – How does it work in Slovakia?
What are these numbers, and what are the differences between how they work in the Czech Republic and Slovakia? Business ID (IČO) The abbreviation IČO stands for Identification Number of a Person...
Sale of securities, shares, and cryptocurrencies from 2026
As of 2025 and 2026, several significant amendments to the Income Tax Act come into effect. Simultaneously, European regulations regarding the digitalization of the financial market and crypto-assets...
JMHZ: What is it, and when (and how) will it start to affect us?
What is JMHZ? The Unified Monthly Employer Report (JMHZ) is a new way for employers to submit data to the state regarding employees, employment relationships, and social security/tax contributions...
Cleaning Services: How to handle taxes and paperwork the right way?
Zde je překlad článku do angličtiny. Použil jsem přirozený a úderný styl, přičemž jsem zachoval HTML strukturu a funkčně přeložil české specifické termíny (jako DPP nebo Prohlášení poplatníka), aby...