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| September 24, 2018

Tax & Accounting

“Flat rate” expenditure to stay the same

Wednesday September 12, the government discussed the possible rise of flat rate expenditure which could be used by tax subjects whose income comes from self-employed activity according to Section 7, and would be applicable already for the tax period of 2018. Because this proposal was dismissed by the Chamber of Deputies, the option of flat rate expenditure for the 2018 tax period stays at the rate corresponding to income of one million CZK (see table below).

expenditure %	Type of income	max (2018)	*max (2017)
80%	income from agricultural production, forestry and water management, and from trade entrepreneurship	800 000 CZK	1 600 000 CZK
60%	income from entrepreneurship; expenditure may be applied max to the amount	600 000 CZK	1 200 000 CZK
30%	income from rent of property listed as non-domestic property	300 000 CZK	600 000 CZK
40%	other types of income from self-employed activity excluding income according to paragraph 1 (d) and 6	400 000 CZK	800 000 CZK
* Max. limits stated in the proposed dismissed by the government on September 12, 2018