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Parents will now be able to reduce their tax by costs, which they pay for the stay of their child in a kindergarten or other facilities of pre-school care. A new tax credit of up to 8,500 CZK per year can already be claimed for the year 2014. The expenses for the stay of a child in a kindergarten can not include expenses related to the stay in this facility, such as expenditure on food.
The maximum amount of the tax allowance for a child is limited by the amount of the monthly minimum wage. This year it amounts to 8 500 CZK, the next year to 9 200 CZK.
Author: Gabriela Černá, HR and Payroll Manager