Czech Republic Changes in Insurance, UBO, and Reporting Policies

Czech Republic Changes in Insurance, UBO, and Reporting Policies

  • 5:04 pm

The Czech Republic has introduced several changes in insurance, UBO, and reporting policies for the year of 2021. As of January 1st, 2021, the income base amount for health insurance contributions has been raised by CZK 500. The threshold for health insurance participation which had been previously set at CZK 3,000 is now at CZK 3,500.

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Higher Minimum Wage in the Czech Republic

Higher Minimum Wage in the Czech Republic

  • 11:31 pm

As of January 1st,2021, government officials have issued an executive order posing a higher minimum wage rate in the Czech Republic. It has been raised from a monthly rate of CZK 14,600 to CZK 15,200. The rate for employees who hold work permits and or employee cards has also been raised by 4.1%.

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