| The deadline for income taxes has passed, but did you know that for employees and trade license holders it is still possible to claim missed tax benefits from 2009, 2010 and 2011? |
Filing Tradelicense Income Tax Return 2011 / 2012 in Czech Republic
Expat Accountant files czech Tax Returns for individuals on a Trade License (Živnostenský List)
We offer Accounting services, calculate tax deductions, claim tax benefits and file Income Tax Returns for foreigners working on a trade license (žívnostenský list) in Czech Republic.Part of this service is calculating and filling in annual overviews for Social Security and Public Health Insurance.
We also check that everything is allright with your tradelicense and all other registrations as part of our service.
Claming Tax Benefits for a Trade License (Živnostenský List)
What we see every year is that many tradelicense holders miss out on tax benefits because they file a tax return at all, or leave out deductions for the employee (23.640 CZK), spouse (24.840 CZK) and children (11.604 CZK / child). In a typical 2-child family, these benefits are +/- 70.000 CZK annually!Incorrect filing also means missing out on tax reductions for mortgage interests, life insurance, gifts.
It is even possible to correct years 2009 and 2010 and claim missed tax benefits of these years.
Tax Returns of 2008 and before will not be taking in consideration by the tax office.
Read about claiming (lost) tax benefits here:
Important: File your Trade License Income Tax Return - File or Extend LATEST Monday 02.04.2012
It is possible to file an Income Tax Return for 2011 between 1.1.2012 and 31.03.2012. However, this year 31/3/2012 is a Saturday, and therefore it is still possible to file in time on Monday 2/4/2012.In case you do not manage 31.03.2012 (2/4/2012), read about extending / postponing filing the tax return here:
Not filing a tradelicense income tax return
Even if the business did not have any activities in 2011, or you did not generate any revenue, you must file the tax return and social- and health overview, because the authorities require this data.A tax return with enough income is required for extending a business visa!
Due to the new, much more strict visa regulations you must have proof of income (+/- 9.500 CZK NET for one person), and proof of business activities: bank statements, invoices and expenses.One of the most important things the Foreign Police (Ministry of Interior) asks for is the taxreturn.
If you can't show enough income (czech or foreign), it will be hard to extend your business visa.
So, it is very important to show enough income, even if this means having to pay more tax and social charges. Nobody likes to pay taxes, but your stay in Czech Republic may depend on it!
Pricing for Tradelicense Income Tax Return Services
Below prices are minimum / nominal fees based preparing a normal tax return without complications,included is filing the tax return and getting stamps of tax office / social office / health insurance on copies (required for visa extensions).
- Trade license Income Tax Return + Social + Health annual overviews, from 5.000 CZK *
- Trade license ZERO Income Tax Return + Social + Health annual overviews, 3.500 CZK
price depends on how much accounting work needs to be done in preparation of the taxreturn.
We charge 600 CZK / hour for processing papers for tax returns by an accountant
and 1.500 CZK / hour in case a tax advisor is required.
Discount:
In case you bring the taxreturn / social / health overview yourself to the authorities and have them stamped, you get a 1000 CZK discount.How to proceed if you want Alexio to do your Tax Return
- email us asap about the kind of Tax Return you want,
- we will email a checklist of required documents,
- you bring or send in (by mail or electronically) the required documents,
- we give / send you a deposit invoice,
- you pay the deposit in cash, by bank transfer or Paypal,
- we process the documents and explain the Tax Return,
- you sign the Tax Return (or we use an earlier signed Power of Attorney).
- After receiving the rest of the fee, we will file your Tax Return.