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Czech Republic - Overview and introduction

Czech Republic - Overview and introduction

Taxation of international executives

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View of old town in Prague taken from Charles bridge

Personal income tax is imposed on the income of individuals. Individuals who have a permanent residence in the territory of the Czech Republic, or who usually reside in the Czech Republic, are liable to pay tax on their worldwide income unless a double taxation treaty stipulates otherwise. Non-residents are liable to pay tax on income generated from sources in the Czech Republic. The aggregate income is taxed at a flat rate of 15 percent (in case of employment income applied to a super-gross salary). The tax year for individuals is the calendar year.

The official currency of the Czech Republic is the Czech Koruna (CZK).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer

All information contained in this publication is summarized by KPMG Česká republika, s.r.o., the Czech Republic member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Income Taxes Act No. 586/1992 Coll. as subsequently amended, Act 280/2009 Coll.onTax Administration and on the social and health security legislation (Act No. 592/1992 Coll., No. 589/1992 Coll., No. 48/1997 Coll. and No. 54/1956 Coll.).

Copyright

© 2020 KPMG Česká republika, s.r.o., the Czech Republic member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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