Doing business in the Czech Republic requires compliance with a number of mandatory reports 📑. One of the key obligations of a self-employed person (OSVČ) is to file an annual report. We, Buhgalter PragaWe help entrepreneurs with all types of reporting 🏢 including preparation and filing of OSVČ annual report. Let's understand this process in detail.
📋 What is OSVČ's annual report?
The OSVČ annual report is a tax return 📑 in which the entrepreneur indicates his income, expenses, mandatory contributions and the amount of tax payable. This document is filed annually and is mandatory for all those who operate as OSVČ.
🧐 To whom does the report need to be filed?
All self-employed persons in the Czech Republic, regardless of their income level and type of activity, are obliged to file an annual report 💼. This applies both to those who run a business on a permanent basis and those who are registered as OSVČ for additional income.
⏳ Submission deadlines
- The main deadline for filing a tax return for 2024 is 2024. April 1, 2025.
- If a tax return is filed electronicallyand the deadline is extended to May 2, 2025.
- When using the services tax advisor period extends to July 1, 2025.
Missing deadlines can lead to fines 🚨 so it is important to prepare all documents in advance.
⚠️ Penalties for delay
A fine is imposed for late submission of a report in the amount of 0.05% of the tax amount for each day of delay 💸. If the delay exceeds 5 working days, the tax inspectorate may impose additional penalties.
📬 Methods of delivery
An annual report can be filed:
- Personally at the tax office 🏢.
- By mail. by submitting completed forms to ✉️.
- Electronically via Datová schránka or the tax portal "MOJE daně" 💻.
🖥️ How to file a report via Datová schránka?
- Collect the documents 📂: income, expenses, contributions to social and health funds.
- Fill out a tax return 📝 on the IRS website.
- Authorize Datová schránka 🔐 using credentials.
- Download the completed report 📑 into the system.
- Send and receive a confirmation 📩 about pitching.
📄 Required documents
To file a report, you will need:
- Income documents (invoices, pay slips) 💵.
- Document business related expenses 🏠.
- Certificates of insurance and social benefits 🏥.
- Previous tax returns (if any) 📜.
❌ Common mistakes
- ❗ Errors in calculations and data.
- 📌 Lack of supporting documents.
- ⏳ Delinquent Filing.
- 🚫 Ignoring mandatory contributions to social funds.
🏆 How do I prepare for the pitch?
- 📊 Keep a record of income and expenses throughout the year.
- 🗂️ Prepare your documents in advance.
- ✅ Use professional accounting support.
- 🔎 Keep up with deadlines and changes in tax laws.
🆘 Where to get help?
Company Buhgalter Praga provides a full range of accounting services for OSVČ in the Czech Republic 🇨🇿. We will help you prepare and submit your report on time, minimizing the risks of errors and fines 🚀. Contact us for advice and support 📞📧!
❓ Frequently Asked Questions (FAQ)
1. What should I do if I fail to file my report on time?
Contact us for advice 📲. There may still be an opportunity to minimize fines.
2- Am I required to file a report if I did not receive income?
Yes, even if there is no income OSVČ is required to file a zero report 🧐.
3. Is it possible to file a report without visiting the tax office?
Yes, via Datová schránka or the portal "MOJE daně" 💻.
4. What costs can be included in the report?
All expenses related to the business: rent, purchase of materials, transportation, etc. 🚗🏢📦
5. How do I verify that the report has been accepted?
When submitting via Datová schránka, the system sends a confirmation of document acceptance ✅.
If you still have questions - Buhgalter Praga Always willing to help! 💙📊