The month has flown by, and we're back with a new batch of updates from the world of taxes and accounting. Stay organized with this overview. In the September issue, you'll find: a new edition of the UOL Review, a mini-course for entrepreneurs, upcoming live courses and webinars, pre-closing meetings, an invitation to our autumn client meeting in Brno, and news that is already in effect or will soon be implemented in practice.

News from Accounting and Taxes

  • The amendment to the Accounting Act has been published. Small accounting entities are no longer required to have their financial statements audited.
  • The criteria for the size of accounting entities are changing. Micro: assets up to 11 million CZK and turnover up to 22 million CZK; small: up to 120/240 million CZK; medium: up to 600 million/1.2 billion CZK.
  • The predicted average wage for next year is 51,497 CZK, and the minimum wage will increase to 22,400 CZK.
  • The sale of companies and securities exceeding 40 million CZK will be exempt from tax.
  • Seasonal workers in the fruit industry will save 7.1% on social security contributions. This should take effect from January.
  • Be aware: scammers are now sending emails disguised as health insurance companies, requesting updates to your information.
  • Pensions will increase in January. The average retiree will receive 21,839 CZK.
  • Subsidies for artists will begin in September and require artist status.
  • The anti-bureaucracy package has been approved: married couples will be allowed to be employed, and employers will no longer be required to submit reports on new employees to trade unions.
  • For e-commerce businesses: The Financial Administration is conducting a control phase focused on data that does not match actual income.
  • Amendment to the Consumer Protection Act: 3-year warranty, prohibition of misleading practices.
  • Workplace accidents must now be reported electronically, with a unified form for recording accidents, starting in January.

Don't Forget

  • By September 30th, apply for a refund of VAT from the EU.
  • By September 30th, file the declaration for a refund of excise tax for the second quarter of 2025.
  • By October 27th, file the VAT return, summary report, and control report, and pay the tax for the third quarter of 2025.
  • By October 31st, register or cancel the registration of a VAT group.

UOL Accounting / gnews.cz – GH