Czech Company

Corporate solutions in Czech Republic

Register a company in Czech Republic with professional assistance. We cover various corporate solutions including accountancy and document preparation.

Accountancy in Czech Republic

If you have a company in Czech, then you need to prepare annual financial statements on the activities of the company. Financial reporting, management report, and auditor’s report – we are ready to provide you with all these services for your business.

Bookkeeping solution

Reporting required for filing at the end of the year in the Czech Republic:

  • Annual balance sheet.
  • Report on all profits and losses.
  • Data on the movement in cash accounts.
  • Information about any changes in the structure of capital and assets.

Companies and structures that, by law, have the right to submit reports in a simplified form and refuse a mandatory audit (the boundary indicators are indicated, upon reaching which this benefit becomes invalid):

  • Annual profit: up to 40 million CZK.
  • Turnover: up to 80 million CZK.
  • The number of employees: up to 50.

Please note that issuers of securities traded on stock exchanges outside the Czech Republic, consolidated market participants, and branches of foreign companies always submit full accounts.

The specialists of our company will be happy to help you with bookkeeping in Czech Republic. We provide a comprehensive, quality service for you, and all types of audit services including, financial reporting, management report, and auditor’s report, as well as give a consultation.

Maintenance of financial accounting and reporting

Professional accounting in the Czech jurisdiction is the key to the successful development of any business. Our company takes care of all the issues related to accounting, from the processing of primary documentation to the provision of all necessary reports to the regulatory authorities.

Support for statutory or internal audit

We provide statutory and internal audit service to any organization is one of the important aspects of business activity.

Preparation of annual reports

Every year the company must submit an annual report about their activities with or without profit. Our company provides accounting services for enterprises in Czech Republic, which operate in various fields of activity.

Drawing up permanent reports on accounting documents

All organizations in Czech Republic are required to prepare financial statements based on synthetic and analytical accounting data. The financial statements are signed by the head and the chief accountant (accountant) of the organization. By law, tax reports are submitted to the regulatory authorities on a monthly or quarterly basis.

Management of company accounts

Management accounting is one of the key factors when discussing business programs, plans, and goals in large organizations. Management accounts are usually built from multiple income statements of the firm. Management reports are usually prepared monthly or quarterly.

HR payroll management

The goal of HR payroll management is to simplify HR management processes and save your time. Payroll and tax calculations are also included in the package.

Bookkeeping for business

Our company provides consultations and highly qualified accounting services, on issues of legislation and taxation. Our company offers full accounting support in Czech Republic.

Taxes in Czech Republic

One of the reasons why Czechs are a great choice for business formation is a low tax rate which is one of the lowest in all of Europe – the standard income tax rate is 19%. Learn taxes and get most of the Czech company.

Corporate income tax

One of the main taxes that business entities are required to pay is on the profits of legal entities. Resident enterprises are required to pay a fee to the budget on all profits from their entrepreneurial activities.

Withholding tax

Dividends paid by a Czech company to a non-resident company are taxed in the Czech Republic at a rate of 15% if the recipient's country of residence has a DTT (Convention for the avoidance of double taxation) or TIEA (Tax Information Exchange Treaty) signed with the Czech Republic. If such agreements have not been concluded between the countries, a special tax rate on the payment of dividends comes into force, the amount of which is 35%. Typically, the rule concerns the payment of dividends to companies resident in offshore jurisdictions.

Value added tax

VAT is a mandatory indirect consumption tax. The only exceptions are certain goods and services that have a preferential settlement regime. The standard rate is 21%. reduced rate - 15%, lowest - 10%

Learn about taxes

Many foreign businessmen choose the Czech Republic for doing business in Europe, all because taxes in this country are quite low. If you have any questions about taxation in the Czech Republic please contact us. Learn about taxation and tax rate in the Czech jurisdiction with us.

Financial reports

Financial reporting allows you to get detailed information about the financial condition of the company and its creditworthiness, as well as the financial results of its activities.

The financial audit should be carried out by:

  • large companies
  • medium-sized companies
  • small companies, if they are joint-stock companies or trust funds with assets over 40 million kroons, annual turnover over 80 million kroons, with an average number of employees of at least 50 (one criterion is sufficient)

Financial and balance sheet reporting is provided by the Commercial Register. For information, you can contact the Commercial Register in person or use a special online service.

Contact us to order financial statements of a company in the Czech Republic.

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