Do you know about this yet? What's actually new in the tax laws and what's the latest you need to know about the accounting amendment?

PRAGUE - The Senate approved an amendment to the Labour Code. The notice period will start as soon as the notice is delivered. The probationary period will be extended. 14-year-olds will be allowed to work part-time.

Self-employed, don't forget to file reports. The deadline is usually one month after the return is filed. If you file with an advisor, you have until August 1.

Does your company give shares to employees? Read the tax guidelines from the Inland Revenue. They include, for example, tax deferral and can be found on this page.

Have you won a bet or lottery? Don't forget to tax. Since last year, the exemption limit has been CZK 50,000, above which the income must be included in the return.

Did you get an overpayment of tax? If you filed your return by 1 April, you'll get your overpayment back by 2 May.

Don't forget about changes to your return, warns the Financial Administration. This page summarises the news, such as the limitation of the spouse's allowance and the abolition of child benefit.

The court has ruled on custody. The person who cared for the child the most is entitled to it. He didn't have to suffer a drop in income or a limitation in his career.

We're gonna announce the recruits before they start? Jurečka proposes shortening the deadline for registering employees.

Lawmakers are working on uniform reporting. It should save employers paperwork starting next year.

The government wants to abolish withholding tax. This would increase the number of employees who have to file returns.

1.6 million returns, the IRS reports. The first filing deadline has passed, with over 60 % returns coming in electronically.

The tax administration seized 10 tons of shoes. It caught a Greek company that was supposed to be transporting goods to Spain and was instead selling them on the Sapa.

The bailiffs took away gold bars worth CZK 6 million. The Goldstein operation uncovered fake gold sales from Turkey to EU countries. The aim of the fraud was to avoid Czech VAT.

Don't forget!

File your return and pay your gambling tax for Q1 2025 by 25 April.
File your return, control and summary statements and pay VAT for Q1 2025 by 25 April.
Submit your notification of cross-border VAT turnover for small businesses for the first quarter of 2025 by 30 April.
Submit the CESOP Notification for Q1 2025 by April 30.
Pay your employer's statutory liability insurance premium for the 2nd quarter of 2025 by April 30.
File your electronic income tax return and pay your 2024 tax by May 2.
File your windfall profits tax return and pay your 2024 tax by May 2.

gnews.cz - GH