Is Ad valorem Property Taxation a Solution for the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F21%3A00121665" target="_blank" >RIV/00216224:14220/21:00121665 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.lex-localis.press/index.php/LexLocalisPress/catalog/book/RealPropertyTaxes" target="_blank" >http://www.lex-localis.press/index.php/LexLocalisPress/catalog/book/RealPropertyTaxes</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.4335/2021.6.2" target="_blank" >10.4335/2021.6.2</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Is Ad valorem Property Taxation a Solution for the Czech Republic

Popis výsledku v původním jazyce

The role of the immovable property tax in the Czech Republic is marginal. The main problems would appear to be related to low revenue and inefficient administration systems. The issue of low revenue could be resolved by adopting an ad valorem tax base. However, if the Czech government does not want to increase the immovable property tax revenue, there is no real incentive to implement an ad valorem system, as it is expensive to establish, administratively demanding and time-consuming. The immediate solution for the Czech Republic is that the unit system (area) tax base should be retained. There should be one maximum tax rate in the legislation for every type of property, and municipalities should have the right to introduce their own specific tax rates below that level. As there are more than 6,250 municipalities in the Czech Republic and many of them are extremely small with a very low number of inhabitants, there should be another rate (standard rate) in the legislation for those municipalities that do not set their own specific tax rates. A positive motivation to pay taxes is a conditio sine qua non to receipt of optimal revenue. The best advertisement for the tax payment is a proper use of tax revenues in the public interest and the supply of effective, efficient and desirable services.

Název v anglickém jazyce

Is Ad valorem Property Taxation a Solution for the Czech Republic

Popis výsledku anglicky

The role of the immovable property tax in the Czech Republic is marginal. The main problems would appear to be related to low revenue and inefficient administration systems. The issue of low revenue could be resolved by adopting an ad valorem tax base. However, if the Czech government does not want to increase the immovable property tax revenue, there is no real incentive to implement an ad valorem system, as it is expensive to establish, administratively demanding and time-consuming. The immediate solution for the Czech Republic is that the unit system (area) tax base should be retained. There should be one maximum tax rate in the legislation for every type of property, and municipalities should have the right to introduce their own specific tax rates below that level. As there are more than 6,250 municipalities in the Czech Republic and many of them are extremely small with a very low number of inhabitants, there should be another rate (standard rate) in the legislation for those municipalities that do not set their own specific tax rates. A positive motivation to pay taxes is a conditio sine qua non to receipt of optimal revenue. The best advertisement for the tax payment is a proper use of tax revenues in the public interest and the supply of effective, efficient and desirable services.

Druh

C - Kapitola v odborné knize

CEP obor

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OECD FORD obor

50501 - Law

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

Real Property Taxes and Property Markets in CEE Countries and Central Asia

ISBN

9789617124040

Počet stran výsledku

32

Strana od-do

47-78

Počet stran knihy

1141

Název nakladatele

Lex Localis - Institute for Local Self-Government Maribor

Místo vydání

Maribor

Kód UT WoS kapitoly

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