Entrepreneurs working in the Czech Republic under the OSVČ system (OSVČ / sole proprietorship / FOP) are obliged to submit annual reports to the tax and insurance authorities. Correct submission of the annual report is not only an obligation, but also a way to avoid problems with state structures. In this article we will analyze what reports OSVČ must submit, in what terms and what are the penalties for late submission of documents.
What does the OSVČ annual report include?
The annual report for OSVČ in the Czech Republic is a set of mandatory documents including:
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Income tax return (daňové přiznání)
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Reports to ČSSZ (Česká správa sociálního zabezpečení) - social insurance
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Reports to VZP or other insurance company - health insurance
What forms are needed?
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Form of income tax - to indicate income and expenses.
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Přehled o příjmech a výdajích OSVČ - for ČSSZ and VZP.
📌 Learn more about OSVČ registration in the article: How to register OSVČ in the Czech Republic
Deadlines for filing annual reports in 2025
Tax return
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Until April 1, 2025 - if you're filing a paper form.
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Through May 2, 2025 - with electronic filing.
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Until July 1, 2025 - if the returns are filed by a tax consultant.
ČSSZ and VZP
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Through May 2, 2025 - standard deadline for filing social security and health insurance reports.
💡 If you file through an accountant, the deadline is automatically extended, but this must be formalized.
Penalties for delay
Failure to file your report on time can result in penalties:
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Tax: penalty of 0.05% of the tax amount for each day of delay, but not more than 5% of the total tax amount.
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ČSSZ: possible fine of up to 50,000 kroner.
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VZP: penalties for late filing and payment of contributions.
Consequences of ignoring
In addition to fines, prolonged failure to report can lead to forced liquidation of OSVČ or imposition of a block on bank accounts.
📎 Also recommended reading: How to file an OSVČ annual report in the Czech Republic
Turn to the professionals - we are here to help you
Many entrepreneurs entrust accounting support to specialists, so as not to waste time and take no risks. An accountant will check that all forms are correct, calculate the amounts to be paid and file reports for you.
📌 Learn more: Accounting services for OSVČ in Prague
Conclusion
Timely filing of the annual report is a key obligation of every OSVČ. Compliance with deadlines and correct execution of documents will help to avoid unnecessary expenses and maintain a good reputation before the state authorities. Do not postpone reporting - trust professionals and sleep well.