Registration requirements and fees
Are there any registration requirements, or any fees/taxes payable?
- Prize promotions do not require any registration or permit.
- The tax consequences must be assessed on a case by case basis.
- The general rule is that the individual receiving a prize is subject to Personal Income Tax at the rate of 15%. This tax is applicable in case the value of the prize exceeds CZK 10,000 (approx. US$440) and the individual receiving the prize is obliged to observe this tax obligation in his/her tax return.