Tax deduction and relief in the Czech Republic

Deductible items
Interest on a mortgage or building savings
Tax base can be reduced up to 300 000 CZK a year, which means up to 45 000 CZK less tax
Condition: housing needs(construction, renovation or purchase of house or apartment for your permanent residence, not just for recreation) and mortgage should be written to his taxpayers name at least partially.

Life and pension insurance
Tax base can be reduced up to 12 000 crowns a year, maximum 1 000 CZK per month
Condition: contract for 60 years and insurance and also insurance can be paid erlier then 60 month after signing the agreement.

Pension plan
Tax base can be reduced up to 12 000 crowns a year
Condition: the same as for insurance, state contribution can not be deducted

Gifts and charity, including blood donation
Condition: the aggregate value of such donations in the tax period was higher than 1 000 CZK or exceeded two percent of the original tax base
Free blood donation can reduce the tax base to 2 000 CZK

Contributions to trade unions
Tax base can be reduced to 1.5 percent of annual taxable income, up to 3 000 CZK

Education
Tax base can be reduced up to 10 000 CZK, if you have completed the test to verify the results of continuous education.



Deductible items

• Interest on a mortgage or building savings
• Life and pension insurance
• Gifts, including blood donation
• Contributions to trade unions
• Education
  

Tax rebates

• On the taxpayer
• The wife (husband)
• For students
• Disabled
• For children

Source: Aktualne.CZ


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