Anyone who has any income in the Czech Republic can benefit from the taxpayer’s tax credit, parents can benefit from the child’s or student’s tax credit, and a spouse can also claim the tax credit for a spouse with whom he or she lives in a common household and whose income does not exceed a certain amount.
The basis is the discount per taxpayer
Any income taxpayer can claim the taxpayer’s allowance, even if they only earned income for part of the year. They claim it on their tax return or through the Income Taxpayer Declaration.
What is the child discount?
Those who share a household with their children are entitled to child tax credit. They can claim it through a tax credit, a tax bonus or a combination of the two.
Did you know that if your tax allowance is higher than your calculated income tax, you are entitled to a tax bonus? This is the difference between the calculated benefit and the calculated income tax.
What are the other tax advantages?
- Are you saving enough for retirement? Don’t forget to claim tax relief on your tax return for superannuation.
- The same is true for life insurance.
- Tax relief for a dependent spouse
- School fees
- Tax relief for a disabled pensioner or disabled person