Corporate income tax is levied on corporate entities in the Czech Republic, including joint-stock companies, limited liability companies, general partnership and limited partnership. The last two entities are considered for tax purposes transparent, and therefore taxed at their partner’s level.
The deadline for corporate income tax is the end of March but it can be prolonged till June if you grant the power of attorney to an tax advisor. YourTaxes.cz is happy to accept the power of attorney and assist you with the corporate income tax return preparation and filing.
During our work we can eliminate many mistakes in internal processes by preparing the tax return so you can avoid possible risks in the future. Our work does not finish with the submission of your tax return at the Czech tax office. We can help you with the postponement of tax payment, with the request for reduction or cancellation of advance payment obligations, and with the correction of mistakes from the past, etc.
The financial statements must be filled together with the corporate income tax return in the Czech Republic. The financial statements is based on the statutory accounting which every company must keep in the Czech Republic. We can assist you - YourTaxes.cz - your accountant in the Czech Republic.
Yourtaxes.cz - Partner for your Czech corporate income tax
From January 1, 2024, a number of significant changes will take place in the Czech tax system - the corporate tax rate will increase, VAT rates will change and, last but not least, the tax burden on natural persons will also increase.
In addition to changes in the area of corporate income tax, the Czech Ministry of Finance is preparing to adjust VAT rates. VAT rates should change from January 1, 2024.
The Czech Republic is planning extensive changes to its tax system, including changes to corporate income tax rates, effective from the beginning of 2024, which should help reduce the state budget deficit.