Profi Expats

17/04/2026

Czech bureaucracy is hard enough without the language barrier. Here are 5 words that will make your financial life in Czechia a lot less confusing:
Sleva na dani — your tax credit. Every taxpayer gets one. It reduces what you owe.
Daňové přiznání — your tax return. The form you file by May 4 (electronically) if you want your deductions.
Odvody — the deductions on your payslip. Social insurance + health insurance. The reason your net is lower than you expected.
Výplata — payday. The day the money actually hits your account.
Účtenka — receipt. Keep them. You'll need them for deductions.
Save this for the next time you're staring at a Czech document wondering what it says.

16/04/2026

Every expat in Czechia goes through the same 4 financial milestones. Nobody plans them. They just happen.
Milestone 1: You open a bank account and get health insurance because your employer told you to. You have no idea what VZP is but you're enrolled.
Milestone 2: Your first payslip arrives and you spend 20 minutes trying to figure out where 36% of your salary went.
Milestone 3: Someone mentions you can file a voluntary tax return and get money back. You're skeptical but you try it. It works.
Milestone 4: You realize you're staying longer than you planned. You start thinking about DIP, investments, and whether your money is actually working for you.
Which milestone are you at right now?

15/04/2026

15%.

That's the Czech personal income tax rate for most people. Flat. Simple. One of the lowest in Europe.
But it's not the whole picture.
On top of that 15%, you pay 6.5% social insurance and 4.5% health insurance. So about 26% comes off your gross before you see anything.
Then there's the tax credit: 30,840 CZK per year that reduces what you owe. It's applied automatically if your employer handles your taxes.
And if you earn above roughly 1.58 million CZK per year, the rate jumps to 23% on the amount above that threshold.
One number. But a lot of layers underneath it.

14/04/2026

"My employer handles my taxes. I don't need to do anything."

We hear this every week. And every week, it costs someone money.
Your employer withholds income tax from your paycheck. That part is true. But they don't claim all the deductions you might be entitled to. DIP contributions, mortgage interest, charitable donations — these only show up if YOU file a voluntary tax return.
The result? You might be owed money back. Sometimes a few thousand crowns. Sometimes more.
Electronic filing deadline: May 4. That's 3 weeks from today. Via a tax advisor: July 1.
Worth 20 minutes of your time? We think so.

13/04/2026

5.18%.
That's the new average mortgage rate in Czechia as of this week. Up from 4.89% just one month ago.
A jump of 0.29% in a single month. The biggest increase since summer 2022.
What's driving it? Rising energy costs from the Middle East conflict are pushing up bank funding costs. The banks are passing it on.
What this means in real money: on a 3.5 million CZK mortgage over 25 years, your monthly payment just went up by roughly 1,000 CZK compared to March.
If your fixation period ends this year, don't wait for rates to magically drop. They're going the other direction right now.
If you're buying, this doesn't mean panic — it means get informed. We can run the numbers for your specific situation in 30 minutes.

20/02/2024

What is the DIP?

01/02/2024

BREAKING NEWS FROM 1.1.2024!

28/02/2022

The Czech Central bank has revoked Sberbank CZ License. If you have an account there with an employer sending your paycheck, you should open a new bank account and quickly ask your employer to send money there instead before next payroll. If you have a loan or mortgage, you must fulfill your obligation (acting otherwise, can cause you trouble on the Czech financial market). If you have money there and are worried about it, the CNB has given Sberbank a obligation de pay out deposits and if it can't, your money will be guaranteed by the Financial market guarantee system. There will be deadlines Sberbank must follow.

The Czech National Bank today launched steps towards the revocation of the banking licence of Sberbank CZ, a.s. This is a result of a deterioration of the bank’s liquidity situation in the context of a significant outflow of deposits after the escalation of the conflict between Russia and Ukraine ...

20/01/2022

If you have sums of CZK on your bank account it is losing value at high speed. Contact [email protected]
If you wish to find a solution.

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25/12/2021

Happy Holidays🎅🎅🎅

09/11/2021

BREAKING NEWS:

Problem: High rise in inflation of the Czech Crown

Situation: If you keep cash on your bank account it will lose value

Solution: Invest in order to protect it!

Inflation grew by 4.9 percent in September. Some foodstuff producers are now considering raising their prices by up to a tenth, the Czech News Agency reports.