{"id":9680,"date":"2024-01-04T17:30:46","date_gmt":"2024-01-04T17:30:46","guid":{"rendered":"https:\/\/axevera.com\/?p=9680"},"modified":"2025-06-27T13:05:40","modified_gmt":"2025-06-27T13:05:40","slug":"here-are-the-tax-news-for-january","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2024\/01\/04\/here-are-the-tax-news-for-january\/","title":{"rendered":"Here are the tax news for January"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Which taxes changed in January 2024<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Ministry of Finance has announced a number of significant innovations for the year 2024. Most of the measures are included in the consolidation manoeuvre approved at the end of the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the main novelties:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduction of VAT rates:<\/strong> A key point of the tax reform involves a reduction of VAT rates from three to two. This change will have a significant impact on goods and services that used to enjoy the reduced rates of 10% and 15%. Now, such goods and services will be subject to the new reduced rate of 12%, while keeping the base rate of 21% unchanged.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Increase in corporate income tax:<\/strong> Another major change concerns the increase of the standard corporate income tax rate from 19% to 21%.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Property tax:<\/strong> A revision of the coefficients will lead to an average increase of 80% in property tax, generating new municipal revenues estimated at CZK 10 billion. These coefficients will be administered by the municipalities, introducing variations in the tax burden from one city to another.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal Income Tax:<\/strong> Significant changes involve personal income tax, with the abolition of tax discounts for dependent wives and students. The threshold for the increased tax rate of 23% will be calculated as a multiple of 3 of the minimum wage instead of 4. For employees, a contribution for sickness benefits of 0.6% will be introduced, with a cap on company benefits set at approximately CZK 22,000 per year.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Contribution burden for the self-employed:<\/strong> A path to increasing the contribution burden for the self-employed (OSV\u010c) begins, in order to partially reduce the gap with employees. Two key coefficients will be changed: the share of the average salary for determining the minimum contribution base will increase from 25 % to 30 %, while the share of earnings, which determines the contribution base, will increase from 50 % to 55 %.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can find all the in-depth information on the 2024 tax changes and novelties on the Ministry of Finance website at the following link: <a href=\"https:\/\/www.mfcr.cz\/cs\/ministerstvo\/media\/tiskove-zpravy\/2023\/prehledne-ktere-zmeny-prinese-rok-2024-nejen-pro-o-54178\">https:\/\/www.mfcr.cz\/cs\/ministerstvo\/media\/tiskove-zpravy\/2023\/prehledne-ktere-zmeny-prinese-rok-2024-nejen-pro-o-54178<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: https:\/\/www.mfcr.cz\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Image source: https:\/\/drvilmanyi.eu\/<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Graphic source: https:\/\/storyset.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Which taxes changed in January 2024 The Ministry of Finance has announced a number of significant innovations for the year 2024. Most of the measures are included in the consolidation&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525,1],"tags":[567,571],"yst_prominent_words":[],"class_list":["post-9680","post","type-post","status-publish","format-standard","category-en","category-non-categorizzato","tag-2024-2","tag-taxes"],"_links":{"self":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/9680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/comments?post=9680"}],"version-history":[{"count":2,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/9680\/revisions"}],"predecessor-version":[{"id":14452,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/9680\/revisions\/14452"}],"wp:attachment":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media?parent=9680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/categories?post=9680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/tags?post=9680"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=9680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}