Owners of any piece of privately-owned real estate in Czech Republic have duty to pay every year real estate tax. This property tax has one major difference from other types of taxes levied in Czech Republic – it must be paid in advance (always for upcoming year). So what exactly is this real estate tax …
ALL YOU NEED TO KNOW ABOUT REAL ESTATE TAX IN CZECH REPUBLIC Read More…
In the second Quarter of the year 2017, the apartment prices in the Czech Republic have risen by 13.3% – the highest rise in the countries of the European Union, where prices have risen by no more than 3.8% (in the Euro block) and by 4.4% (In all states that are members of the European …
A proper understanding of tax laws and bureaucracy is crucial when entering a foreign market. Tax reform is currently under debate in the Czech parliament and there are plans to implement new tax regulations in 2014. Listed below are the most common, and often complicated, aspects of the Czech tax system. Tax year in the …
The green route, which the Israeli Tax Authorities announced on the 26.09.2017, makes investment in the Czech Republic easier and more remunerative than ever! One of the primary barriers Israelis who invest abroad (such as individuals who purchase shares in local corporations or who purchase local assets overseas) have encountered up to now is the …
The numbers prove that the economy of the Czech Republic is amongst the strongest in Europe. The GNP in the second quarter of 2017 was higher by 2.5% than the previous quarter. This is a rise of 4.7% compared to the matching quarter last year. According to the Central Statistics Office of the Czech Republic …
THE ECONOMY OF THE CZECH ECONOMY IS VERY SUCCESSFUL IN THE SECOND QUARTER OF 2017 AS WELL Read More…
The Czech Republic is taking another step in its attempt to raise the standard of living in the country. Starting on the 1.1.2018, the minimum wage will rise by 1200 Czech Korunas to 12,200 Czech Korunas a month. The minimum hourly wage will rise from 66 Czech Korunas to 73.2 Czech Korunas. “Work should be remunerative and …
2018 – THE MINIMUM WAGE IN THE CZECH REPUBLIC RISES AGAIN Read More…
We have already described, in previous articles, the reasons why purchase of rental and other real estate properties in Czech Republic can be incredibly lucrative investment. Here are some useful posts on this topic: In this post we introduce another good reason for purchasing rental property in Czech Republic – the zero inheritance tax. The …
ZERO INHERITANCE TAX – ANOTHER GOOD REASON TO INVEST IN REAL ESTATE IN CZECH REPUBLIC Read More…
Pilsen in the fourth largest city in the Czech Republic and is the Capital of the eponymous province. The city is located at the junction of 4 rivers, about 90 kilometers west of Prague, and around 200,000 people live there. The City was founded in 976 and rapidly became a central trading city thanks to …
A GENERAL BACKGROUND REGARDING PILSEN AND REAL ESTATE INVESTMENTS IN PILSEN Read More…
Germany is considered to be the economic dynamo of Europe and has reputation for efficiency, order and low unemployment. However, since the end of 2015, the labor market of the neighboring Czech Republic is considered to be stronger. From data published this week it turns out that the unemployment rate in the Czech Republic was no more than 2.9% …
WHY DOES THE CZECH REPUBLIC HAVE THE LOWEST UNEMPLOYMENT RATE IN ALL OF EUROPE? Read More…
A 19th century farmhouse with six bedrooms and five bathrooms is up for sale in Racice– a small town near Prague. The house sprawls over 240 square meters and includes two floors and grounds of nearly a quarter of an acre. The yard of the house contains mature, fruit bearing, nut and cherry trees as well as a …
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