Deputies approve single monthly employer reporting
On 27 June 2025, the chamber of deputies approved the Bill on Single Monthly Employer Reporting (in Czech: jednotné měsíční hlášení zaměstnavatele or JMHZ) and its accompanying law.
We reported on what the JMHZ Bill brings in our December 2024 issue (here). Along with the JMHZ Bill, a proposal to amend related laws was also discussed.
During the course of the debate among deputies, several amending proposals introducing important changes relating to income taxes were also submitted.
Among the amending proposals was a motion to abolish the CZK 40 million limit for the exemption of income from the sale of securities, shares in corporations, and cryptocurrencies. This motion was rejected.
In contrast, the coalition's amending proposals concerning, e.g., changes in the taxation of small-scale income (in particular from agreements to perform work outside employment), changes in the taxation of employee stock and option plans, and making research and development allowances more attractive, were approved.
We are now preparing a summary of all significant changes and approved amending proposals that will impact employers and their tax obligations.