Czech Republic has a progressive personal income tax rates (with two tax brackets applicable to almost all types of income) as follows: Basic tax rate of 15% for annual gross income up to ca 1.5 million Czech Koruna (CZK). Increased rate of 23% for annual gross income over ca CZK 1.5 million.Table 1. 2021 OECD Overall Effective Tax Rates (in Percent) Combined Statutory Corporate Tax Rate PDV of Depreciation Overall Effective Tax Rates (Corporate Level) Machinery Industrial Buildings Acquired Patents EMTRs EATRs Australia 30.0 81.5 46.2 52.6 25.4 28.5 Austria 25.0 76.7 39.3 69.9 18.3 23.0 The corporate income tax rate will rise from 19 percent to 21 percent; Property taxes will rise by an average of 1.8 times; There will be a staged increase in consumption tax hikes on alcohol (10 percent over the next two years, and an added 5 percent in the following year)
The same applies for health insurance. In Czech Republic, the employer pays a larger rate for these two social security components, compared to the rates charged to the employee. In 2023, the Czech employer is required to pay 24.8% for social security and 9% for health insurance, while the employee pays 6.5% and 4.5% respectively.
Tax returns. CIT returns must be filed within three months of the end of the tax period. If filed electronically, the deadline is postponed by one calendar month (e.g. if the company is not subject to a mandatory accounting audit and has the calendar year as its CIT period, then the standard deadline for filing of the CIT return is 1 April of . 382 48 459 430 142 195 5 74