Individual
Translate: INCOME TAX
Daň z příjmu
Translate: EXEMPT INCOME
Osvobozený příjem
Translate: WITHOLDING TAX
Srážková daň
Translate: TAX RATE
Sazba daně
Translate: TAX CREDIT
Sleva na dani
Which tax credit is appliable to every taxpayer?
Personal tax credit
What are the two tax rates for individuals?
15% and 23%
What is the difference between gross income and net income?
Gross income = hrubý příjem
Net income = čistý příjem
In which section of the Income tax act is the employment income?
Section 6
What percentage of employee's income is health insurance?
4,5 %
Who is subject of the 23% income tax rate?
Individuals whose taxable base exceeds 36 times the average monthly wage
Who is considered to be a tax resident in the Czech Republic?
A tax resident is an individual who has a permanent residence or usually stays in the Czech Republic for at least 183 days in a calendar year
In what case can you receive a tax bonus?
Only after using a tax credit on dependent child
When can you apply a tax credit on a dependent child?
A minor child
An adult child up to the age 26 if he/she consistently prepares for the future profession
What is the final amount of tax that an employee must pay called?
Tax liability
What are the conditions for claiming a tax credit for a spouse?
The spouse’s annual income must not exceed 68.000 Kč, spouse must take care of a child under the age of 3
How is a company car taxed when provided to an employee for both business and private use?
1% of the purchase price of the car - minimum amount 1.000 Kč
0,5% for low emission vehicles
0,25% for zero emission vehicles
How to calculate a net income of an employee?
Gross income - personal income tax after credits - social security and health insurance contributions
How much is a tax credit if you are severely disabled?
16.140 Kč
What is the amount of social security contributions paid by employers for their employees?
24,8 %