5 important tax deadlines you can't miss when living in the Czech Republic

2021's filing deadline has come and gone. But professional accountants from DoMyTax explain why this isn’t the only tax deadline you should worry about.

Diana Bocco

Written by Diana Bocco Published on 01.07.2021 11:09:00 (updated on 10.11.2022) Reading time: 3 minutes

Taxes are an integral part of the life of every expat in the Czech Republic. Missing out on a filing deadline can lead to sanctions and fines and could potentially affect your visa status.

At DoMyTax, 12 professional accountants with over a decade of experience and the highest possible certifications (СPA) help 350+ clients keep up with their tax deadlines – but if you don’t have a tax advisor (yet) to help you, these are the five main tax deadlines to keep in mind.  

1. Individual Tax Return

When: Paper form April 1st / Electronic form May 1st

Expats earning a living in the Czech Republic are required to submit tax returns (daňové přiznání) every year. If you have a job here, your employer likely will take care of this for you – but there are certain exceptions that require you to do the filing yourself. In addition to entrepreneurs, individual tax returns are also required from:

  • Employees who receive company shares from their employer as a job bonus (for example, Amazon, Fortinet, etc.). You can read more about it here.
  • Anybody employed by more than one company at the same time. 
  • Individuals with investment income, such as dividends from shares, cryptocurrency sales, ETF income, and more. 
  • In the case of the sale of movable or immovable property. 

If you missed your deadline, tax experts with the highest level of certification (daňový poradce) like DoMyTax can submit your tax declaration until July 1st without any penalties.

2. Companies’ Annual Tax Report

When: April 1st / May 1st

Like with individual tax reports, filing electronically gives you some extra time. In the case of a statutory audit or extension by a tax specialist (daňový poradce), companies also have until July 1st to file. 

3. Real Estate Tax (Daň z nemovitých věcí)

When: Submit once before January 31st / Pay annually before May 31st

Just bought a property? You must file a special tax report by January 31st of the following year. The property tax is then paid every year before May 31st. If you sell property, you might need to submit an updated report, depending on the type of real estate sold.  

4. VAT (Daň z přidané hodnoty)

When: Varies depends on the type of VAT payer

  • Classic VAT payers must submit an annual or quarterly report, even if the earnings are zero. For monthly reports, this is done on the 25th of the month following the reporting period (you submit the report on February 25th for the month of January).
  • Identifikační osoba VAT requires filing a report only for the month in which the tax liability arises. For example, the month you rented your place in AirBnB, drove Uber, sold something on Etsy. Report is also filed on the 25th of the month following the reporting period.
  • From July 1st, 2021, e-commerce sites registered in the OSS system must submit a report on the last day of the month following the reporting period. You can find more information here.

5. Road Tax (Silniční daň)

When: January 31st

If you’re a company or individual using your car for business purposes, you must file a road tax report (silniční daň) every year. Plus, fun fact – if your car is registered as a company car, you will also have to register for a radio license and pay the monthly fee, since cars have radios.

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It’s hard to describe all nuances and deadlines for filing tax reports and paying deductions in a short article, so DoMyTax offers a free consultation with one of their experts. Just reach out through their live chat or their Facebook page. 

This article was written in cooperation with the DoMyTax. Read more about our partner content policies here.

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