Changes in tax concessions (“discounts”) for children; change in the limiting value of the monthly tax bonus (No. 1025)

Together with the adjustment of the legislation on child allowances since July 2021, the tax concessions for children were also increased. The concession for the first child is not changed, however, the tax benefit increases for the second child (from CZK 19,404 to CZK 22,320 per year, monthly from CZK  1,617 to CZK 1,860) and for the third and every additional child (from CZK 24,204 to CZK 27,840 per year, monthly from CZK 2,017 to CZK 2,320). Higher amounts of the tax concessions will be applied retroactively from January 1, 2021, but only by the year-end tax settlement for the whole year 2021 or in the tax return for the year 2021. In the settlement of MONTHLY wages, higher amounts of the tax benefits will be applied only from January 2022.

At the same time, the maximum limit of the monthly tax bonus (CZK 5,025) is abolished, with the proviso that this change will also be applied in 2022 for the first time.

The Chamber of Deputies (see Prints No. 1116) and the Senate have repeatedly approved the above changes, so they are now awaiting the president’s signature. 

publikováno 21.07.2021
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