Minimum advance payments for self-employed persons in 2024 – social and health insurance
alculation of the monthly assessment base of a self-employed person for social insurance
To calculate the monthly assessment base, you first need to know the tax base of the self-employed person, which can be easily calculated as the difference between income and expenses for 2023 (gross annual profit). Until 2023, the annual assessment base was set at 50% of the tax base, and from 2024 it will be 55% . The monthly assessment base then represents one twelfth of the annual assessment base. If the calculated assessment base is higher than the minimum assessment base, the social insurance advance is 29.2% of the calculated assessment base.
Minimum social insurance contributions for self-employed persons in 2024
- For main activity: 3,852 CZK
- For side activities: 1,413 CZK
The social insurance advance is due by the end of the month for which the advance is paid.
Minimum health insurance deposits for self-employed workers in 2024
The calculation of health insurance for self-employed persons remains unchanged. The amount of the assessment base and the minimum assessment base are unchanged, which means that health insurance contributions will only increase if the average wage increases. Monthly contributions for the next year will be calculated based on income from the previous year and will amount to 13.5% of the assessment base (50% of the tax base). If this calculated contribution is lower than the minimum, the self-employed person pays the minimum contributions.
The minimum health insurance deposit is 13.5% of half the average wage. This means:
- For main activity: 2,968 CZK
- For secondary activities: Self-employed persons performing secondary activities do not pay advance payments, and any insurance premiums are calculated based on actual income.
The health insurance advance payment is due by the 8th of the following month. The new advance payment amounts apply from the beginning of 2024, so the first increased advance payment for January 2024 is valid until February 8, 2024.
Minimum amount of flat-rate tax for self-employed persons in 2024
The monthly flat tax in 2024 is:
1st band: 7,498 CZK (min. health insurance premium: 2,968 CZK, social insurance premium: 4,430 CZK, income tax: 100 CZK)
2nd band: 16,745 CZK
3rd band: 27,139 CZK.
Entry into the flat-rate regime is voluntary and it is possible to apply for it no later than January 10, 2024.