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Czech Salary is a net salary calculator in English reflecting the the 2021 Amendment of the Czech Income Tax Act. Starting from the salary period of January 2021, all employees will find a higher net salary in their next pay slip. Czech Salary provides a calculation with explanations of all salary deductions and possible tax credits. Soon the creators are planning to add a Calculator of Net Income of Trade licensors and other helpful information with regards to the Czech taxation. You can access the calculator here. No related posts.Read more.

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The numbers are in and according to Minister of Finance Alena Schillerová, the Czech Republic ran a deficit of CZK 367 billion for 2020, dwarfing 2009’s deficit of CZK 192 billion, making it the worst deficit in the country’s history by a long shot.  As rough as it is, this deficit is actually lower than what was expected; Originally, the Chamber of Deputies had signed off on allowing for a CZK 500 billion deficit. Schillerová explained that there was CZK 110.7 billion extra in unexpected revenues to pad the losses. Roughly half of the unexpected revenue came from taxes, and CZK 26 billion came from the European Union.  Overall, the total state budget revenues fell by CZK 47.7 billion, andRead more.

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The confidence in the Czech economy among entrepreneurs and consumers fell by 4.4 points to 82 points in November compared to October results. According to the Czech Statistical Office, the most serious decrease was recorded in the entrepreneurial sector which was affected by the COVID-19 restrictions.  The business indicator fell to 81.7 points while the consumer one fell to 83.1 points. Jiří Obst, head of the CZSO business cycle survey department, stated: “The current situation still raises great concerns about the deterioration of the overall economic situation.”  The number of people who are afraid of unemployment is also growing significantly, Obst added. The pessimistic mood for the Czech economy started to spread again due to the second wave and anti-epidemicRead more.