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Tax calendar: its meaning and application

Tax calendar: its meaning and application

The tax calendar provides an overview of the specific timing of on-time tax and insurance payments.

It includes the tax liabilities of both individuals and legal entities and employees, i.e. draws attention to the timing of the payment of taxes.

The tax calendar, which is permanently available on the website of the Ministry of Finance, sets deadlines for taxes such as income tax, value added tax, road tax, excise taxes, real estate tax, energy taxes, and, for example, contributions to the pension insurance fund, as well as other taxes and contributions. We meet our clients halfway, so we will take over the management of your tax calendar and will inform you in advance what and when to pay. We will inform you in advance of the due dates for the payment of taxes.

Tax calendar and liberalization period

With the new Tax Code, which came into force in 2011, there have been changes that are important for the timely filing of income tax returns. The timing has also changed, which is somewhat more favorable for latecomers in comparison with what was before. The Tax Code allows a delay of 5 working days with the submission of the declaration, as well as with payment. During this so-called “liberalization period” no penalties in the form of fines or penalties are envisaged. However, if the tax return is filed at the wrong address and is sent to a different address, and such a forwarding exceeds the liberalization time, the taxpayer may be subject to sanctions from the financial department.

 

Although we do not use such a liberalization period, we are guided by the current tax calendar and process all taxes at set dates. This admission is valid not only in the case of income tax, but also in the case of other taxes. An exception is the VAT control report, which does not apply to the specified liberalization period.

 

Below, we will describe tax deductions for which we are responsible to you.

We will take care of when and how to pay taxes and most importantly, we will settle it for you. Your tax obligations under the law are:

  • Taxes a) on personal income, b) on personal profit, c) on employed persons , d) taxes levied in the form of contributions by employers at a special rate
  • Value added tax
  • Excise taxes on: a) mineral oils, b) alcohol, c) wine, d) tobacco
  • Road tax
  • Property tax
  • Tax on the acquisition of real estate
  • Electricity taxes on a) natural gas, b) solid fuels, c) power
  • Deductions from biofuels and lotteries
  • Inheritance tax, gift tax and real estate transfer tax
  • Tax on gambling

Tax Calendar Sample

For illustration purposes, we will give a sample of the tax calendar for 2017 with selected, most common taxes and deductions.

Tax (deduction)/month 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Income tax – prepayment (over CZK 150,000) – – 15. – – 15. – – 15. – – 15.
Income tax – prepayment (over CZK 30.000) – – – – – 15. – – – – – 15.
Income tax – a tax levied by deduction by the employer 02. 28. 31. 30. 31. 30. 31. 31. 30. 31. 30. –
Income tax – prepayment deductions 20. 20. 20. 20. 22. 20. 20. 21. 20. 20. 20. 20.
Income tax – deductions at a special rate 31. 28. – 03. 02. 30. 31. 31. – 02. 30. 27.
Income tax – annual recalculation 15.
Income tax – tax calculation 01.
Income tax – payment of tax 03. 03.
VAT – monthly payer 25. 27. 27. 25. 25. 26. 25. 25. 25. 25. 27. 27.
VAT – quarterly payer 25. – – 25. – – 25. – – 25. – –
VAT – consolidated report 25. 27. 27. 25. 25. 26. 25. 25. 25. 25. 27. 27.
VAT – control report 25. 27. 27. 25. 25. 26. 25. 25. 25. 25. 27. 27.
Road tax – prepayment – – – 15. – – 15. – – 15. – 15.
Road tax – extra payment 31. – – – – – – – – – – –
Excise tax – tax payment deadline 09. 09. 13. 10. 10. 09. 10. 09. 11. 10. 09. 11.
Real estate tax – farm prepayment – – – – – – – 31. – – 30. –
Real estate tax – other prepayment – – – – 31. – – – – – 30. –
Real estate tax – lump sum – – – – 31. – – – – – – –
Energy taxes – due dates 25. 27. 27. 25. 25. 26. 25. 25. 25. 25. 27. 27.

We will track all these tax payment deadlines and many other obligations for you.

With us you can be sure that you will not forget anything, we will do everything for you, and you can fully devote yourself to entrepreneurial activity.

Consultation

Contact us or find nearest office