Czech Republic

Last Update by Marta, 13 Dec 2024

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Exchange Rate

22 Jan 2025

 

Cost of Living

Indicative value for a working adult in a city: Prague

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (CZK)
McDonalds Set Meal 200
Monthly Train and Bus Tickets 550
3 Bedrooms Rental (City Center) 48,632
3 Bedrooms Rental (Outskirt) 33,717

Current Inflation Rate

2%

Wage

Minimum Wages

  • 18,900 CZK per month, or 112.50 CZK per hour

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (CZK)
Entry-Level
Fresh Graduate
30,000
Mid-Level
5 Years
55,000
Experienced & Managerial Level
10 Years
100,000
Specialized & Senior-Level
15 Years
120,000

Annual Salary Growth

6.3%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Health Insurance 9% 4.5% All staff
Maximum base 2,110,416 CZK per year
Social Security Insurance
(Covers Pension, Sickness and Unemployment)
24.8%
7.10%
All staff
Maximum base 2,110,416 CZK per year

Other Benefit

Other common employment benefits in Czech Republic include:

  • Multisport card: Around 700 CZK per month
  • Meal vouchers: around 200 CZK per day
  • Home office allowance: around 4 CZK per hours

Income Tax

Residents

  • Tax period: 1st January - 31st December
    Filing Due Date: 1st April of the following year

Country Level

Taxable Income Rate
Up to 1,582,812 15%
Over 1,582,812 23%

Non-residents

  • Depends on the double taxation agreement between countries. Typically, only income originating in Czech Republic is taxed, the rate is same as residents
  • A tax resident is an individual who meets one of following criteria:
    - Residence in Czech Republic for at least 183 days in a calendar year
    - Have their centre of life interests in Czech Republic

Working Hours

Statutory

40 hours
8 hours, 5 days per week

Typical practice

40 hours
Monday - Friday

Overtime

No more than 8 hours per week; or than 50 hours per year

  • Paid at 125% of salary
  • Night work or weekend work: From 22:00-6:00, 10% on top of regular pay
  • Public holidays: 100% regular pay or an extra day off is given

Employment Contract

Permanent

Contract Format

Written, in Czech

Payroll Currency

CZK

Probation

Directors and managers: 6 months
All other staff: 3 months

Contract Period

No maximum duration

Termination

The contract may be terminated by the employer, the employee or by mutual agreement

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation - No notice - No notice - No notice
Notice Period - Regular - 2 months (The contract has to end at 1st or last day of the month) - 2 month (The contract has to end at 1st or last day of the month) - 2 month (The contract has to end at 1st or last day of the month)
Severance Pay - - Under 1 year service: 1 month salary

- 1 - 2 years year service - 2 months' salary

- Over 2 years' service - 3 months' salary
- Under 1 year service: 1 month salary

- 1 - 2 years year service - 2 months' salary

- Over 2 years' service - 3 months' salary

Public Holiday

13 days

Country Level

Date Name
01 Jan Restoration of the Czech Independence Day
01 May Labor Day
08 May Liberation Day
05 Jul - 06 Jul Saints Cyril and Methodius
28 Sep St. Wenceslas Day
28 Oct Independent Czechoslovak State Day
17 Nov Struggle for Freedom and Democracy Day
24 Dec - 26 Dec Christmas Day

Leave

Leave Type Entitlement Notes
Annual Leave 20 working days - full time staff in private sector
25 working days - full time staff in the public sector
All staff with 60 working days' service with same employer
Sick Leave Up to 380 calendar days per year All insured staff
Maternity Leave 28 weeks – one child
37 weeks - multiple pregnancies
All expectant mothers
Paternity Leave 2 weeks All new fathers caring for children under 7
Parental Leave Until the child is 3 years old All staff
Care Leave 9 working days- parents
16 working days - single parents
All staff with child under 10 years old
Long- Term Care Leave 90 calendar days All staff with ill family living at home needing day care for minimum 30 days

Reference

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