- Hans Weber
- December 1, 2023
Czech Government Launches “New Amnesty Summer” Program Allowing Individuals and Companies to Eliminate Debts
Prague, August 23, 2023 – In a bid to provide financial relief to individuals and businesses struggling with debts, the Czech government has unveiled the “New Amnesty Summer” program. Running until the close of November, the program offers a unique opportunity for debtors to eliminate their obligations with the Czech Social Security Administration (CSSA), financial and customs administrations, provided the debts were accrued prior to the conclusion of September the previous year.
The amnesty initiative extends its benefits not just to individuals, but also to corporate entities. Enterprises can avail themselves of debt relief by settling outstanding insurance premiums and in return, having penalties and execution expenses waived. Detailed specifics regarding the program, including the quantum of overdue debt, are available on the official CSSA website.
To participate in the program, debtors are required to notify the relevant district social security administration. For those unable to access the ePortal, alternative methods of communication are permissible. Payments can be made either in full by the end of November or in installments, but only if the debt surpasses 5,000 CZK. Comprehensive information regarding the conditions can be found on the CSSA’s official site.
Similar assistance is being offered by the financial administration to alleviate tax-related debts. Clearing principal back taxes paves the way for the waiver of accompanying interest, penalties, and fines. Notably, minor tax debts are automatically excused under the law if they fall below 1,000 CZK per financial office.
To facilitate the resolution of tax debts, access to the status of tax arrears is crucial. An updated feature on the MyTaxes portal will allow taxpayers to view their arrears list, beginning mid-August. Debt relief requests can be lodged via various channels including a web application, email, data box, traditional mail, or in-person visits. The principal sum must be settled by November’s end, with the option of installments available for debts exceeding 5,000 CZK. Detailed guidance is furnished on the financial administration’s website.
The customs administration similarly permits the settlement of outstanding dues, except in cases of customs duties and international enforcement of select financial claims. Debtors with amounts exceeding 5,000 CZK can opt for installments.
To seek debt relief, an application form on the customs administration’s website must be completed. Submission is possible via data box or email, and the request can also be made verbally to the protocol desk at the customs administration.
The “New Amnesty Summer” program presents an unparalleled opportunity for those grappling with financial burdens to find a fresh start and focus on future financial endeavors. By availing of this initiative, individuals and businesses can alleviate their debt burdens and pave the way for a more stable financial future.
Article by Prague Forum