PSP supports lump-sum tax for sole traders

(ČIA) In first reading, the Chamber of Deputies supported an amendment to the act on income taxes related to the lump-sum tax. According to Finance Minister Alena Schillerová (for ANO), the lump-sum tax could be valid as of 2021 when the fixed tax rate, including insurance, would correspond to CZK 5,740. She added that small entrepreneurs with annual income of up to CZK 800,000 would not have to lose too much time on administration and would be able to focus on their business.



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