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Czech Republic: Investment Income Tax Guide

  • Updated

This summary outlines the key tax considerations and reporting requirements for Czech tax residents investing in Mintos assets. It focuses exclusively on Mintos offerings and does not provide general investment taxation guidance.

 

📌 General Principles

  • Tax Type: Investment income from Mintos is subject to Czech personal income tax at:
    • 15% flat rate on income up to CZK 1,582,812 (2024 threshold)
    • 23% rate applies to the portion exceeding that amount
       
  • Exemptions:
    • Time test: Capital gains on listed securities are tax-exempt if held for more than 3 years
    • Volume test: Gains are tax-exempt if total securities sales are under CZK 100,000/year
       
  • Withholding Tax (WHT):
    • Mintos deducts up to 25.5% WHT on interest unless you confirm your EU/EEA residency, then a reduced 5% rate applies.
    • Claims (unregulated) are not taxed at source
       
  • Czech Reporting:
    • Declare all Mintos investment income via the Annual Income Tax Return ("Daňové přiznání")
    • Foreign WHT may be credited using Czech double tax treaties (where applicable)
       
  • Declaration Deadline:
    • April 1 (paper submission)
    • May 1 (electronic submission)
    • July 1 (if filed via a certified tax advisor with power of attorney)
       
  • More info: Czech Tax Authority
     

📦 Mintos Asset-Specific Tax Overview

Asset type Income Type Withholding Tax Czech Tax Form Subject to declare
Loans (claims) Interest ❌ No Daňové přiznání Declare full gross income
Loans (Notes backed by loans) Interest ✅ Yes Daňové přiznání Declare full gross income and apply for WHT deduction
Bonds (Notes backed by bonds) Interest ✅ Yes Daňové přiznání Declare full gross income and apply for WHT deduction
Bonds (direct bonds) Interest ❌ No Daňové přiznání Declare full gross income
Smart Cash Interest ❌ No Daňové přiznání Declare full gross income
Real Estate (Notes backed by Real estate) Interest ✅ Yes Daňové přiznání Declare full gross income and apply for WHT deduction
ETFs Interest ❌ No Daňové přiznání Declare full gross income

 

💼 Tax Filing Notes

  • Foreign Investment Income: Declare all Mintos income, even if WHT is applied abroad
  • Capital Gains:
    • Gains are taxed unless time or sales volume exemptions apply
    • Exempt if held > 3 years or annual sales < CZK 100,000
  • High-Income Surcharge:
    • 23% applies if total annual income exceeds CZK 1,582,812 (2024)
  • Tax Credits:
    • Foreign WHT may be credited against Czech tax due if supported by a treaty
  • Losses:
    • Interest income losses cannot be deducted
       

✅ Tips for Investors

  • TRC Submission: Provide Mintos with a valid Czech Tax Residency Certificate to reduce or eliminate WHT on eligible products
  • Use Mintos Reports: Download your Mintos Annual Tax Report to support your Czech tax filing
  • Check Exemptions: Verify whether you qualify for the 3-year holding or CZK 100,000 sales exemption
  • Track Withholding: Declare WHT paid abroad to claim tax credits (if applicable)

📌 Resources

 

⚠️ Disclaimer: This guide provides general information and does not constitute tax advice. Please consult the Czech tax authority or a certified advisor for personalized assistance.

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