The Czech Republic, known for its cultural heritage, is a developed country with an advanced, high income economy and high living standards. The education system is rated as the 15th best in the world.
Hills and mountains cover about 95% of the country – ideal for mountain biking, skiing, and hill walking. Wild boar and foxes are found in the abundant woodlands.
Manufacturing is still a major economic activity, especially the production of automobiles, engineering products and machine tools. Heavy, chemical production, transport equipment, textiles, glass, and pharmaceuticals are further important industries for the Czech Republic.
Its main agricultural products are sugar beets, fodder roots, potatoes, wheat, and hops.
CXC Global’s local expertise and knowledge of The Czech Republic, allows us to work closely with our clients, assist with Local Tax and Social Security Registration, VAT Registration, including a preparation of a personal income tax return at the end of the tax year.
Contracting in The Czech Republic is not a simple task. The taxation system in The Czech Republic can be quite complex. The Czech Republic is recognised for being a country with some of the highest living standards and taxes in the world. They has entered into Double Taxation Treaties with many countries and do not encourage contracting.
For contract workers, working in The Czech Republic, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.