Czech Republic Tax Agency Issues Guidance on Individual Income Tax for 2022 Tax Period

The Czech Financial Administration Jan. 1 issued guidance on individual income tax for tax period 2022. Topics covered include: 1) income subject to individual income tax; 2) a clarification on taxation of income from the sale of family homes and holiday cottages; 3) definitions of residence, nonresident, and permanent residence, for tax purposes; 4) a clarification on the flat-rate transport expense deduction and eligible taxpayers; 5) a list of activities with expenditure flat rates for 2022; 6) types of flat-rate expenses that a financial advisor can claim; 7) the abolition of the income tax exemption for photovoltaic power plants, and ...