Moving to the Czech Republic means learning a new set of money rules. Taxes, pension savings, a trade licence, insurance or a mortgage all work a little differently here, and most official information is only in Czech.
Obsah
This guide collects our English articles on Czech personal finance in one place, sorted by topic. Every article explains the Czech rules and keeps the Czech terms in brackets, so you can recognise them on forms and at the office.
Taxes and tax returns
Income tax, tax credits and the taxes you meet when you invest, rent out or buy property.
- How to file a tax return online in the Czech Republic
- Who benefits from the flat-rate tax and when
- Child tax credit in the Czech Republic, how much it is and how to claim it
- Spouse tax credit in the Czech Republic, who still qualifies
- How much is the tax on rental income from a flat in the Czech Republic, and how do you pay it?
- How shares and ETFs are taxed in the Czech Republic and when the time test applies
- Property tax in the Czech Republic, what to watch out for
- Do you know how to deduct mortgage interest in the Czech Republic?
- Czech late payment interest, how it is calculated and the current rate
Self-employment and running a business
Trade licence, VAT, invoicing and setting up a limited company.
- Trade licence in the Czech Republic, what it involves and where to get one
- 5 steps to becoming self-employed in the Czech Republic
- Self employed in the Czech Republic, payments, contributions, invoices and flat-rate tax
- Voluntary VAT registration in the Czech Republic, 5 cases when it pays off
- Who is a VAT payer?
- What is the reverse charge and how does it work?
- Which invoicing software is best for sole traders
- How to create invoices quickly and online
- Setting up an s.r.o., a complete and clear step-by-step guide
- How long does registration in the Czech Commercial Register take?
- What is a share certificate (kmenový list) in an s.r.o. and how does it work?
- How to draw up a simplified contract for work (smlouva o dílo) and what it must contain
Work, benefits and family
Employment contracts, unemployment and parental benefits, and money matters around family life.
- Basic types of employment relationships and the differences between them
- What must a wage assessment (mzdový výměr) contain and what is it for?
- Part-time work in the 21st century
- When are you entitled to unemployment benefit?
- How unemployment benefit is calculated, with examples
- My unemployment benefits have ended, what next?
- How is maternity benefit calculated?
- When to apply for parental allowance and how to arrange it
- Housing allowance in the Czech Republic and mortgages
- Shared custody, conditions and child support
- Divorce in the Czech Republic, how to file and what it costs
Pensions and long-term saving
Pension savings with the state contribution, the DIP, early retirement and safe ways to save.
- How much to save in Czech pension savings for the full state contribution and tax deduction
- When and how to withdraw money from Czech pension savings
- Czech long-term investment product (DIP), how it works and how much tax you save
- Czech early retirement pension, when you qualify and how much lower it will be
- 3 tips on how to choose the most advantageous savings for children
- How does a building savings loan work?
- Term deposit versus savings account in the Czech Republic
- Do Czech government bonds pay off? Yield vs risk
- How to safely grow your money in the Czech Republic
Banking, payments and debt
Opening an account, sending money, bank identity and getting out of debt.
- How to choose a current account
- Bank identity, how does it work and what does the future hold?
- How long does a bank transfer take?
- How to easily send money to an account
- How to easily find out who owns a bank account number
- How do an overdraft and a credit card work?
- How to buy Bitcoin in the Czech Republic without fees
- The limitation period for debt in the Czech Republic
- Insolvency and how to get out of debt
- How to get rid of unfair non-bank loans
Housing and mortgages
Getting a mortgage, renting, and what to know when you buy or rent a flat.
- What are the conditions for getting a mortgage in the Czech Republic?
- How to choose the best mortgage
- How long does mortgage approval take?
- Early mortgage repayment in the Czech Republic, when it is free and how much the bank can charge
- How a bridging loan works
- Will a building savings loan beat a mortgage?
- Is a cooperative flat worth it and how do you get one?
- How to terminate a tenancy agreement
- How long does a court-ordered eviction take?
- What is an energy label and how can you tell you could save money?
Insurance
Car, travel, health and life insurance, and how to report a claim.
- How to choose car insurance in the Czech Republic
- How to choose the cheapest third-party car insurance
- How to cancel compulsory car insurance
- How to choose the cheapest travel insurance in the Czech Republic
- Are you sure you have no health insurance debt?
- How to arrange incapacity to work insurance
- Life insurance and you, who is it worth it for?
- How to report an insurance claim?
Contracts, consumer rights and paperwork
Complaints, withdrawing from a contract, powers of attorney, wills and dealing with the authorities.
- How to make a warranty claim for faulty goods in the Czech Republic
- How to withdraw from a contract
- Settlement contract vs. settlement agreement
- How to write a loan agreement (with template)
- Power of attorney and the roles of principal and agent
- General power of attorney template and conditions
- How to write a valid will, with tips
- How best to deal with an inheritance
- How to cancel your data box
- How to get an extract from your medical records and how much it costs
- How custom number plates work in the Czech Republic