Taxes in the Czech Republic
The tax system in the Czech Republic is similar to the tax systems of most advanced European countries. They are the main income of the state budget. We can divide taxes into: direct taxes (income taxes, property taxes) and indirect taxes. Income taxes and indirect taxes, i.e. value added tax (VAT), make up the majority of state budget revenues.
Taxes related to real estate
Personal property tax
Every year property owners pay a personal property tax. This type of tax is different from other taxes because it is paid in advance. In addition, the the tax return on the property is only submitted once. After that, the tax office only calls for a payment each year. A new tax return is sent only when there are substantial changes in the property. For ordinary flats, you can expect to pay several hundred CZK per year.
1. Direct taxes:
Income tax
- Personal income tax
- Corporate income tax
Property taxes
- Personal property tax
- Inheritance income tax
- Gift tax
- Road tax
2. Indirect taxes:
- Value Added Tax (VAT)
- Excise tax
- The Czech Republic and Prague in Facts2
- Intro to the Prague Real Estate Market6
- Prague Real Estate Locations12
- Property Purchase Process in Prague1
- Property Rental Process in Prague1
- Mortgage and Financing in Prague2
- Taxes in the Czech Republic1
- Apartment Renovation in Prague1
- Prague Schools: Preschools, Elementary, Middle and High Schools17
- Prague Schools: Nurseries, Kindergartens and Preschools15
- Parking in Prague1
- Public Transportation in Prague1
Subscribe to no more miss our posts