What happens if a child is born/comes of age during the year?
Posted: Mon Mar 17, 2025 4:17 am
The obligation also applies to entities that are not primarily established for the purpose of business, but have taxable income , such as income from rent or other secondary activities. Legal entities that have ceased their activities, entered liquidation, or foreign legal entities are also required to file a tax return if they have a permanent establishment for income tax purposes in the Czech Republic, own real estate, or have other taxable income.
However, there are exceptions . For example, public benefit taxpayers and unit owners' associations do not have to file a tax return if they only have income that is not subject to tax, income exempt from tax, or income from which tax is collected by withholding. A public limited company (VOS) is also not required to file a tax return, because all income is taxed at the owner level.
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Deadlines for filing tax returns
The filing deadline varies depending on the filing method, who is filing the return, and whether spam database the taxpayer is required to undergo an audit. The basic deadline for filing a tax return is three months after the end of the tax period , i.e. by April 1st if the legal entity has a tax period that coincides with the calendar year. This deadline can be extended if the return is filed electronically after the three-month deadline, by a tax advisor, or if the entity is subject to a mandatory audit.
Form of submission Term
Basic submission deadline April 1, 2025
Filing tax returns online May 2, 2025
With a tax advisor or with a mandatory audit July 1, 2025
In case of late filing, you must expect a penalty from the tax administrator. This is a fine for late tax declaration . It is determined as 0.05% of the assessed tax or tax deduction for each subsequent day of delay or 0.01% of the assessed tax loss for each subsequent day of delay, but always a maximum of 5% of this amount.
No penalty is imposed if the delay is not longer than 5 working days. The limit of CZK 1,000 is a certain consolation. The tax administrator will not impose penalties up to this amount. However, such an approach may leave a negative record with the tax administrator, which may be a disadvantage, for example, when applying for a waiver of penalties in the future.
However, there are exceptions . For example, public benefit taxpayers and unit owners' associations do not have to file a tax return if they only have income that is not subject to tax, income exempt from tax, or income from which tax is collected by withholding. A public limited company (VOS) is also not required to file a tax return, because all income is taxed at the owner level.
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1000 CZK for shopping at Makro – article
Deadlines for filing tax returns
The filing deadline varies depending on the filing method, who is filing the return, and whether spam database the taxpayer is required to undergo an audit. The basic deadline for filing a tax return is three months after the end of the tax period , i.e. by April 1st if the legal entity has a tax period that coincides with the calendar year. This deadline can be extended if the return is filed electronically after the three-month deadline, by a tax advisor, or if the entity is subject to a mandatory audit.
Form of submission Term
Basic submission deadline April 1, 2025
Filing tax returns online May 2, 2025
With a tax advisor or with a mandatory audit July 1, 2025
In case of late filing, you must expect a penalty from the tax administrator. This is a fine for late tax declaration . It is determined as 0.05% of the assessed tax or tax deduction for each subsequent day of delay or 0.01% of the assessed tax loss for each subsequent day of delay, but always a maximum of 5% of this amount.
No penalty is imposed if the delay is not longer than 5 working days. The limit of CZK 1,000 is a certain consolation. The tax administrator will not impose penalties up to this amount. However, such an approach may leave a negative record with the tax administrator, which may be a disadvantage, for example, when applying for a waiver of penalties in the future.