The taxation system in the Czech Republic is simple, functional and comfortable. Originally, lawmakers Czech economic laws, many efforts and resources to facilitate the reporting procedures for legal entities (SRO), the private entrepreneurs, in other words, medium and small businesses. Many foreign citizens who have registered on the territory of the Czech legal entity, or planning his discovery raises the question of financial reporting and accounting of its legal entity or a state of emergency. Question correctly and, most importantly, that he was the head delivered in a timely manner. A registered legal entity in the European Union is serious business. For example, the perennial lack of reporting entity, failure to pay taxes and penalties, failure to appear in Czech state authorities on current issues, can lead to the elimination of legal entity through courts (without coordination with the leadership of le and the founders) and founders of the registration statement of a pan-European database of administrative violators. In the future it may play an important role when considering Documents Consulate any eu country on the issue a simple tourist (Schengen) visas to Europe and serve as a waiver of extradition. One of the questions potential customers of our company is a question of when to begin to engage in activities to show profit and pay taxes. Philip Vasan has many thoughts on the issue. The answer is. Based on experience of our company and our customers' experience, we can say that the first two years of the le can take the zero balance and do not engage in commercial activities.