Dear Nick, a lease or sublease an appartments via Airbnb is considered an economical activity - systematic business. So you have to obtain Trade…
Dear Nick,
a lease or sublease an appartments via Airbnb is considered an economical activity - systematic business. So you have to obtain Trade License for the kind of activities.
The income from lease of property is always a subject of taxation in a country where the property is located. So you will have to tax your income in Czech Republic without any respect to your rteal tax residency.
Your income will be taxed according to Art. 7 of Tax Law - income from business activities.
In addition to income tax your income will be also a subject of social security and health insurance contribution.
Good luck in your business
Michael Hajek
Airbnb
10:21 24.01.2017 Show moreHi! I have a question concerning airbnb rentals in prague. In short, whether I am renting an apartment that is mine on airbnb, or if I am subletting…
Hi! I have a question concerning airbnb rentals in prague. In short, whether I am renting an apartment that is mine on airbnb, or if I am subletting via airbnb (with the landlords written permission) - what income or information (if any) must I submit to the tax authorities within Czech Republic? To provide further background, I am considering living in prague for approximately 5 months per year but would like to buy or rent a property for a full 12 months, using airbnb to offset the cost of doing so. Really appreciate the help as it will help me decide how to proceed! Thank you, Nick
Nick