Profi Expats

15%.

That's the Czech personal income tax rate for most people. Flat. Simple. One of the lowest in Europe.
But it's not the whole picture.
On top of that 15%, you pay 6.5% social insurance and 4.5% health insurance. So about 26% comes off your gross before you see anything.
Then there's the tax credit: 30,840 CZK per year that reduces what you owe. It's applied automatically if your employer handles your taxes.
And if you earn above roughly 1.58 million CZK per year, the rate jumps to 23% on the amount above that threshold.
One number. But a lot of layers underneath it.

"My employer handles my taxes. I don't need to do anything."

We hear this every week. And every week, it costs someone money.
Your employer withholds income tax from your paycheck. That part is true. But they don't claim all the deductions you might be entitled to. DIP contributions, mortgage interest, charitable donations — these only show up if YOU file a voluntary tax return.
The result? You might be owed money back. Sometimes a few thousand crowns. Sometimes more.
Electronic filing deadline: May 4. That's 3 weeks from today. Via a tax advisor: July 1.
Worth 20 minutes of your time? We think so.

The Czech Central bank has revoked Sberbank CZ License. If you have an account there with an employer sending your paycheck, you should open a new bank account and quickly ask your employer to send money there instead before next payroll. If you have a loan or mortgage, you must fulfill your obligation (acting otherwise, can cause you trouble on the Czech financial market). If you have money there and are worried about it, the CNB has given Sberbank a obligation de pay out deposits and if it can't, your money will be guaranteed by the Financial market guarantee system. There will be deadlines Sberbank must follow.

CNB launches steps to revoke the licence of Sberbank CZ - Czech National Bank The Czech National Bank today launched steps towards the revocation of the banking licence of Sberbank CZ, a.s. This is a result of a deterioration of the bank’s liquidity situation in the context of a significant outflow of deposits after the escalation of the conflict between Russia and Ukraine ...