New notification obligation regarding income paid to non-residents

In connection with the tax package, which came into effect on April 1, 2019, we have already informed you in the previous editions of Tax News about a new notification obligation regarding income paid abroad. The taxpayer is obliged to report income from sources in the Czech Republic paid to a tax non-resident, from which the tax is withheld under a special tax rate (withholding tax). The notification obligation also applies to income exempted from withholding tax or income which in compliance with the respective double taxation treaty is not subject to taxation in the Czech Republic. Read more below.