If you’re an accountant in the Czech Republic—or a business owner working with one—then anti-money laundering (AML) responsibilities affect you directly. Under Act No. 253/2008 Coll., which governs measures against money laundering and terrorist financing, accountants are considered “obliged persons.” This means you are legally required to monitor, verify, and report client activity that may be suspicious.

While the law may appear technical and abstract, here’s a clear and practical guide—including what accountants must do and what clients should prepare.

Key Updates on Minimum Living Costs and Housing Expenses for Visa Applicants

Starting from January 1, 2025, new financial requirements for foreigners applying for residence permits in the Czech Republic will take effect. These changes affect the minimum subsistence amount and housing cost requirements necessary to prove sufficient financial means for a stay in the country.

1. Minimum Subsistence Amount (Životní Minimum)
As of January 1, 2023, the official minimum subsistence amount in the Czech Republic is 4,860 CZK per month. However, when assessing financial requirements, different amounts apply depending on family composition and age.

Important Updates in Accounting and Tax Regulations

Starting January 1, 2025, significant changes in payroll calculations, taxes, and social security contributions will take effect in the Czech Republic. Our professional accounting services will help your business stay compliant and avoid costly mistakes.