The taxpayer can reduce his/her tax base up to 24 000 CZK annually for his/her contribution to:
- supplementary pension insurance with a state contribution according to a contract between the taxpayer and the pension insurance company; the tax base can be reduced by the amount equal to the sum of those parts of monthly payments, which exceeded the amount entitling to the maximum state contribution in the individual months
- pension insurance according to the pension insurance contract between the taxpayer and the pension insurance company; the contracts have to be signed for the minimum of 60 months and at the same time the claim payment can be realized in the month when the taxpayer is 60 years old at the earliest; the total equals to the sum of contribution paid by the taxpayer in the tax period
- additional pension savings according to a contract between the taxpayer and the pension company; the tax base can be reduced by the amount equal to the sum of those parts of monthly payments, which exceeded the amount entitling to the maximum state contribution in the individual months
If the supplementary pension insurance with a state contribution, pension insurance or additional pension savings expired without the entitlement to pension, a one-time settlement or a one-time insurance payout of pension insurance and the taxpayer was paid surrender value or other claim settlement associated with the expiration of the pension insurance, the taxpayer loses his/her right for the tax base reduction in the last 10 years retroactively. In the calendar year of the expiration of the contract, the taxpayer has to tax additionally the amount of the tax reduction applied for in the last 10 years based on his/her pension insurance contribution.
The taxpayer proves his/her entitlement to the itemized deduction from the tax base by presenting a confirmation issued by the pension insurance company proving the insurance paid. This confirmation has to be enclosed to the income tax return form.
