Czech Republic

Tax and financial measures associated with COVID-19

23 April 2020

Tax measures

  • Prolonged deadline for filling the income tax returns till 1st July 2020
  • Remission of default interest if the income tax for taxable period 2019 is paid by 1st July 2020
  • Automatic remission of income tax advance that is due on 15th July 2020
  • 2 years tax loss carry back
  • VAT returns deadlines are not subject to any changes
  • The remission of fines for late payment due to the COVID-19 upon request
  • Remission of fines for not filling of the control statement amounting to 1 000 CZK within the period 1st March 2020 – 31st July 2020
  • Road Tax advances due in April and July 2020 can by paid by 15 October 2020
  • Tax deferment in relation to the coronavirus situation upon request

Social security measures

  • Increased attendance allowance in case of care of child for employees
  • Attendance allowance in case of care for child is newly applicable for self-employed upon request
  • Contribution amounting to 25,000 CZK for self-employed persons upon request
  • The self-employed are not obligated to pay the minimum contributions for health and social security insurance for March - August

Employee and employer supportive measures

  • Employment protection program (ANTIVIRUS) will commence from 1st March 2020 till 30th April (which may well be extended to May 2020)
    • Reimbursement up to 80% of the paid wage (max 39,000 CZK) due to the quarantine order or imposed emergency measures
    • Reimbursement up to 60% of the paid wage (max 29,000 CZK) in case of insufficient inputs or decrease in sales

Business support

  • Special COVID-19 loans are being offered by banks
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