Annual Tax Reconciliation for Employees / Personal Income Tax Return
Are there situations where you are an employee, meet the conditions for annual reconciliation, submitted documents on time and signed the request, and yet the payroll department cannot include everything you wanted.
This can happen in specific cases where the payroll department cannot verify tax deductibility. A similar situation can occur when you do not submit the documents (or only some of the documents) for the annual tax reconciliation on time, i.e., by February 15.
In such a situation, filing a personal income tax return awaits you. A tax return can also be filed by an employee for whom the annual reconciliation was completed, if they still want to apply other deductible items that they did not manage to submit to the payroll department by February 15.
If you decide to file your tax return in paper form, your absolute deadline was April 1st. The penalty for a late-filed return is 0.05% of the assessed tax. However, if this amount is less than CZK 1,000, the obligation to pay the penalty does not arise. And another piece of good news for latecomers is that if they file an application, there is a chance that their penalty will be reduced or completely waived.
For electronic filing (data box/electronic signature/DIS), the deadline is May 2nd. Electronic filing can be done by anyone via the MOJE DANE portal. There is no need to have a data box or an electronic signature set up. Bank identity, eObčanka, or MojeID is sufficient.
In case of any questions, please do not hesitate to contact us.
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