Personal income tax and social security contributions Taxation of pensions Old-age pensions are not taxed up to a value of CZK 439 200 per annum. Above this the tax rate is 15%. Social security contributions paid by pensioners Recipients of pensions do not pay social security contributions from their pensions, but they pay social
The tax base is generally the difference between income and expenses, as adjusted for tax purposes. The accrual and matching principle must be followed. The corporate tax rate is 19%. A special tax rate of 5 % applies to basic investment funds. The tax rate amounts to 0 % for a fund of a pension company or a pension insurance institution.
Estonia has the most competitive individual tax system in the OECD for the 10 th consecutive year. The Baltic country levies a top marginal income tax rate of 20 percent on wage income, the second lowest rate in the OECD. Estonia applies the top rate at 0.72 times the average national income, making it a relatively flat income tax.
Personal income tax (PIT) rates. Croatia has progressive tax rates that are applicable to the taxable base in the process of annual tax liability assessment. Progressive tax rates depend on an individual's place of residence or habitual abode in Croatia. The local self-government units can choose two progressive tax rates from a range where 15%
The lowering of the taxpayers’ income tax rate threshold for the 23-percent rate and the elimination of certain deductions, exemptions, as well as the reintroduction of employees’ sickness insurance, will affect not just Czech employees and employers, but will increase the costs for the international assignments to the Czech Republic as well.
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czech republic income tax rate
