As cryptocurrency gains popularity, understanding its tax implications becomes increasingly important, especially for investors and miners. The taxation of cryptocurrencies in the Czech Republic is subject to specific rules and guidelines that vary depending on the type of transaction. Below, we will explore these regulations in detail, providing concrete examples for clarity.

 On November 29, 2017, the Czech government passed decision No. 407/2017 Sb., modifying the living expense standards for 2018.

For those renewing their residence permits in 2017, this decision means that the required income amount to present for the renewal process will increase.

For example, for the renewal of a single adult living in a rented apartment in Prague:

• In 2013, a net income of 10,899 CZK was sufficient.
• In 2014, a net income of 11,121 CZK was required.
• In 2015, a net income of 11,033 CZK was sufficient.
• In 2016, a net income of 11,141 CZK was required.
• In 2017, a net income of 11,130 CZK was sufficient.
• In 2018, a net income of 11,280 CZK will be required.

Detailed Norms

1. Minimum Subsistence Amounts (unchanged and in CZK, per month):
   • For one person — 3,410 CZK
   • For the first adult family member — 3,140 CZK
   • For the second and each subsequent adult family member — 2,830 CZK
   • For a dependent child aged:
     • Under 6 years — 1,740 CZK
     • From 6 to 15 years — 2,140 CZK
     • From 15 to 26 years — 2,450 CZK
2. Living Expense Standards (reduced, in CZK, per month):
   These standards apply to apartments rented under lease agreements from January 1, 2017, to December 31, 2017.

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