The Chamber of Deputies confirmed a compensation bonus for self-employed. Here we briefly describe the conditions for getting the bonus. On 7th of April 2020 The Chamber of Deputies amended a bill to provide a one-off payment of up to 25 000 CZK (i.e. 500 crowns for each calendar day of the bonus period) to self-employed. This relates to people affected by government measures in light of coronavirus epidemic for the period from 12th of March to 30th of April 2020.
Who can apply for a compensation bonus?
- All self-employed (main and secondary activity), whose trade license was active on 12th March 2020. Only those, who are not registered at the Labour Office or receive benefits in material need.
- Self-employed as a secondary activity: disability and old-age pensioners, entrepreneurs on maternity or parental leave. Also those caring for a disabled person or preparing for future business (students).
- Self-employed, who suspended their trade license after 31st of August 2019 (seasonal business).
What must an application contain?
- Basic identification data of an applicant.
- Bank account number, where the bonus will be sent (can be also a bank account of another person, for example a relative). The bank account should be in CZK.
- Affidavit on the fulfillment of the conditions for awarding the bonus.
How to?
- Applications will be submitted to the Financial Authority, to which a self-employed person usually submits a tax declaration.
- It can be done on paper (brought to the Financial Authority office or sent by post), electronically here or via email.
- Applications can be submitted up to 60 days after the end of bonus period.
- Compensation bonus will not be subject to income tax.
Applications would be accepted after the law will come into effect, which will probably occur after Easter.