The Financial Administration is actively seeking data and searching for analytical activities from Internet platforms such as Airbnb, Booking, and Uber. “If we have indications that some income has not been properly taxed, we will ask the entities to file a tax return. However, additional taxation is already linked to a sanction in line with the Tax Code,” GFŘ spokesman Petr Habáň told Novinka. Revenue from the accommodation acquired via Airbnb, Booking, Uber, and other Internet platforms is subject FS income tax and must be included in the tax return. In the event that the rental over Airbnb or Booking exceeds one million crowns in the last 12 months, the owner must register as a VAT payer within 15 days of the last month’s expiration. Airbnb service has been operating in the Czech Republic since 2009. More than a million of travelers have used Airbnb last year for a short-term rental stay. Author: A.M.
The Czech Republic, Romania, Portugal and Poland recorded the highest employment rate among migrants born outside the European Union last year, according to data published by the European Statistics Office (Eurostat). The highest rate of employment last year occurred in the Czech Republic (79.4 percent), Romania (76.3 percent), Portugal (74.5 percent) and Poland (73 percent). The United Kingdom had the highest employment rate among migrants born in different EU Member States in 2017 (83.6 percent), followed by Portugal (82.7 percent), Sweden (80.7 percent) and Estonia (80.2 percent). Worst countries for non-EU migrants The employment rate for non-EU migrants was at its lowest in Belgium. Only 52% of residents born outside the EU were in employment, compared to 71% for native-born people. Greece followed with an employment rate of 54% for non-EU migrants. However, the Hellenic country also registered the 28-country bloc’s lowest employment rate for EU migrants (56.1%) and for the native-born population (58.1%). France completed the bottom trio, with just 55.6% of its non-EU population in employment, compared to 72.6% for its native-born population. Non-EU migrants in the EU: According to the latest EU census, in 2011 51 million people lived in an EU member state they had not...
The average price of new flats in Prague increased by 10% to CZK 99,400 per square meter by the end of April. This growth rate is actually gradually decreasing as the average price grew by 22.5% last year. According to Deloitte analyst Petr Hana, complete reconstruction of apartment buildings and the increasing growth of markets in the inner city also led to the increasing size and prices of new flats. Altogether, in March and April, the flats were sold for CZK 7.6 billion in 23 projects. Prague 1 is the most expensive district in Prague with an average price of CZK 218,900 per square meter. The cheapest is Prague 4 with an average of 80,000 crowns. Prices increased the most for Prague 1 by 30.2% and for Prague 10 by 26.6%. In contrast, prices in Prague 6 dropped by 6.4% and in Prague 2 by 1.5%. In March and April, developers in Prague sold 903 new homes. Most included Finepo (158), followed by the Central Group (139), UBM Bohemia / Crestyl (58), Ekospol (53) and Skanska Reality (43). The average sold apartment stood at 6.44 million crowns, its unit price was 97.900 crowns per square meter and its size was 64 square meters....
At 2.9 percent, the Czech unemployment rate is the lowest in 22 years, and in particular, graduates have never had it easier finding work. According to labor office statistics, there are currently ten vacancies per graduate, a state of affairs that is attracting young people from Greece, Italy or Spain to the Czech Republic. Unemployment varies widely by country in the EU, in many cases reflecting national differences in economic performance. In the first quarter of 2018, the Czech Republic, Germany, Hungary, and Poland had the lowest unemployment rates. The highest unemployment rates were observed in Greece (20.1 percent in March 2018), Spain (15.8 percent), Italy (10.7 percent), France (9.2 percent) and Croatia (8.9 percent). Labour Office spokesman Martin Bačkovský says the booming economy and the low unemployment means that many companies no longer require work: “There are currently 300,000 job vacancies on the labor market and in the case of 70,000 job offers lack of experience is not considered a drawback.“ The increase in the number of foreigners in the Czech Republic through 2016 and 2017 brought the number of expats up to 524,000, around 5% of the total population of the Czech Republic, according to data published by the Czech Statistical Office...
The Czech Republic has stopped accepting visa application requests and requests for work permits from Vietnamese nationals until further notice, the Foreign Ministry announced on Thursday, citing the recent overburdening of the Czech embassy in Hanoi and also security risks. Interior Minister Jan Hamáček said “the measure has been taken as a result of the long-soaring number of these applications submitted to the Czech diplomatic mission in Hanoi, whose capacity has got overburdened, and also due to the risks that the National Security Council (BRS) discussed recently.” Hamáček added that the authorities would in future prioritize long-term residence applications made of the grounds of merging families. Lubomir Zaoralek, former foreign minister who currently heads the lower house foreign committee, said the main problem between Czechia and Germany is the unlawful production of pervitin (methamphetamine) and the Chinese or Vietnamese gangs which produce it. The damage caused to the Czech Republic is huge, amounting to dozens of billions of crowns.” Author: red
Czech President Miloš Zeman formally appointed Andrej Babiš as the country’s prime minister Wednesday, ending eight months of political deadlock since the billionaire businessman’s center-right ANO party won parliamentary elections. However, with just 93 of 200 seats in the Chamber of Deputies, the minority government will have to count on the support of a communist party that has remained only in the shadows of national politics since their rule ended with the Velvet Revolution in 1989. The centrist ANO (YES) movement led by Babiš won the election in October, but his minority government lost a confidence vote in January and had to resign. Other parties in Parliament have been reluctant to enter a coalition with ANO because of fraud charges Babiš faces. His new government is a coalition with the Social Democrats that would have support from the far-left Communists in the mandatory confidence vote expected on July 11. Both Zeman and Babiš are strong critics of the European Union’s migrant quota directive, with Babiš insisting that the EU should tackle migration by reinforcing its external borders and offering more aid to countries in the Middle East and Africa — where most of the refugees originate. Author: red
Wages are up in the Czech Republic compared to last year. In the first quarter of 2018, the average gross monthly nominal wage per full-time equivalent (FTE) employee was Kč 30.265, which was Kč 2,385 or 8.6 percent more than in the same period of 2017, according to the Czech Statistical Office (ČSÚ). It was the fastest real year-on-year growth since the Q1 2003. The increase in wages was higher than inflation. In Q1 2018 consumer prices grew by 1.9 percent, so wages increased by 6.6 percent in real terms. Read the full article here (Prague.TV)
Thousands of Czechs protested in Prague against Andrej Babiš on Tuesday, a day before his second appointment as prime minister and his second attempt at forming a government. Similar rallies were also held in no less than 200 Czech towns and villages. Babiš and his ANO party won a parliamentary election in October but his minority government lost a confidence vote in January and had to resign. President Miloš Zeman is due to appoint Babiš prime minister again on Wednesday after Babiš reached an agreement on a coalition with the Czech Social Democratic Party (ČSSD). The agreement is now subject to a referendum among ČSSD members. It will thus have a key role, albeit informally, in forming the government for the first time since the 1989 Velvet Revolution led by Vaclav Havel that peacefully swept away communism in then Czechoslovakia. The protesters are condemning Babis’ plan and have called for his resignation. They also waved portraits of the estimated 4,500 victims of the former totalitarian regime before 1989. His position is also complicated by reports he collaborated with the former communist-era secret police. Author: red
Czech Prime Minister Andrej Babiš will be appointed government head again on June 6, he said on Thursday. The statement followed his meeting with President Zeman, Reuters reports. The ANO party won the most votes but feel short of a majority. It has so far failed to find majority support because most parties refuse to join a cabinet led by Babiš, who faces criminal charges of abusing EU subsidies a decade ago. ANO has struck a preliminary deal to form a new government coalition with the center-left Social Democrats, but that still requires approval by Social Democrat party members in a referendum running until June 14. Babiš said he and Zeman discussed various options and names, and he did not want to comment on this because it is still not clear. He said they will certainly wait for the outcome of the referendum of CSSD. Babiš said he presumed that after being appointed, he would be given a deadline to a form a new cabinet. He said his government might ask the Chamber of Deputies for confidence in the week after July 10. Author: red
The Czech government has approved some changes to the rules for exchanging money, and these will benefit the public. Most importantly, people will have a chance to get their money back if they discover the deal was unfavorable. The amendment to the Foreign Exchange Act still needs to pass both houses of Parliament and be signed by the president. If it passes, it will take effect three months after its publication. The poor state of regulation of exchange places has been an ongoing issue that gives Prague a bad reputation. This issue has been brought to light recently in a widely watched series of videos by Janek Rubeš, who posts on YouTube under the name the Honest Guide. He has been calling for the government to take action, and for people to be more aware of the pitfalls. Read the full article here (Prague.tv)
The Czech Republic’s Minister of Labor and Social Affairs, Jaroslava Němcová, stated that the ministry is planning to significantly accelerate the employment of Ukrainians through a special program. According to Němcová, the number of job vacancies in the Czech Republic has reached a record high at over 260,000. The jobs on this list include positions for nurses, social workers, technical workers and construction workers. The Minister visited the Czech Embassy in Ukraine and the Consulate General in Lviv in order to simplify and accelerate the procedure to obtain a work permit for Ukrainians. The plan is to increase the number of workers from Ukraine with the right to two years of employment. The goal is to employ 19,600 people using this route. “Now 374,000 foreigners are working in the Czech Republic, and 280,000 of them are EU citizens, and 94,000 are citizens from other European countries and Asia,” the news outlet reports. “70,000 of these people are Ukrainians.” Author: red
The Czech government said Monday it had reached a deal with ride-hailing service Uber that will see its drivers licensed like taxi drivers and data provided for tax purposes. Czech Prime Minister Andrej Babiš said that the San-Francisco based company had agreed to “share its data with the finance ministry” to improve tax collection. “Uber has been in the Czech Republic since 2014 and its operations have essentially been illegal up to now,” Babiš added. Czech taxi drivers have organized a string of protests over the last few months against what they argue is unfair competition from unlicensed Uber drivers. According to Uber, it works with some 2,000 Czech drivers and around 400,000 passengers have downloaded its app in the Czech Republic, an EU country of 10.5 million people. As Uber doesn’t directly employ drivers, who are considered independent contractors, they pay less in taxes. Author: red
Don’t have an account? Register
[swpm_registration_form level=”6″]
Already have an account? Log In
How Would You Like to Promote Your Business? PR ArticleDisplay bannersVideo productionNewsletter adsJob ListingsInfluencer Marketing
Your Email
We will come back to you within 24 hours with our proporsal
