E-commerce tax should be paid instead of the following taxes: Profit tax. VAT on taxable supplies. Sales tax. The tax base for e-commerce tax is: Revenue from the provision of services in an electronic form. Revenue from the sale of goods. The rate for e-commerce tax is 2%. The tax period for e-commerce tax is a quarter. Local income taxes 7.5%. Advertising revenue. HUF 100 million ($344,000)) N/A. Implemented (As a temporary measure, the advertisement tax rate has been reduced to 0%, effective from July 1, 2019 through December 31, 2022) Italy (IT) 3%. · Advertising on a digital interface. · Multilateral digital interface that allows users to buy/sell goods and services. The maximum annual assessment base for social security contributions has increased to CZK 1,935,552 (it was CZK 1,867,728). This change will also affect personal income tax: employees' income exceeding this amount will be taxed at a 23 percent rate (for monthly wages, the threshold for the application of the 23 percent rate is CZK 161,296). The Czech Republic has a single tax regime, as all taxes are levied at country level. 1.2 What taxes (and rates) apply to corporate entities which are tax resident in your jurisdiction? The corporate income tax rate is 19%. Income of qualified investment funds is subject to a 5% tax rate and income of pension funds is subject to a 0% tax rate. The income of a taxpayer who has a trade license to carry out the activity in question is taxed in accordance with Sec. 7 (1) (b) Income Tax Act (income from commercial activity); if the taxpayer does not claim actual deductible expenses, they may instead claim a flat-rate deduction of 60% of income. There are two rates of Corporation Tax (CT): 12.5% for trading income; 25% for income from an excepted trade (as defined in part 2 of the Taxes Consolidation Act) 25% for non trading income, for example rental and investment income. CT is charged on the profits in a company’s accounting period. This period cannot be longer than 12 months. Czech non-resident enterprises are taxed on their income sourced in the Czech Republic only and such taxation may be limited by respective tax treaty. The standard corporate income tax rate in the Czech Republic is 19 %. Administration. Companies may select a calendar year or a fiscal year as its tax year. Introduction. In 1980, corporate tax rates around the world averaged 40.11 percent, and 46.52 percent when weighted by GDP. Since then, countries have recognized the impact that high corporate tax rates have on business investment decisions; in 2022, the average is now 23.37 percent, and 25.43 when weighted by GDP, for 180 separate tax jurisdictions. .

czech republic corporate tax rate