Tendencies Leading to Increased Tax Neutrality in the System of Personal Income Tax in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10236991" target="_blank" >RIV/61989100:27510/17:10236991 - isvavai.cz</a>

Výsledek na webu

<a href="http://www3.ekf.tuke.sk/cefe2017/CEFE2017_final.pdf" target="_blank" >http://www3.ekf.tuke.sk/cefe2017/CEFE2017_final.pdf</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Tendencies Leading to Increased Tax Neutrality in the System of Personal Income Tax in the Czech Republic

Popis výsledku v původním jazyce

This paper deals with the description, analysis and comparison of some current changes and measures in the area of personal income tax that occurred during 2017 and are effective from 1 July 2017 and from 1 January 2018. The paper presents some important steps and measures under the package of tax changes in relation to direct taxes, namely personal income tax, which were approved in accordance with the set trend leading to increased tax neutrality in the area of direct taxes in the Czech Republic. These changes in tax legislation in relation to taxpayers of personal income tax primarily relate to changes in the requirements when applying for determination of the tax using a lump sum. The lump sum tax is one of the ways how entrepreneurs can optimize their tax liability. This measure represents the greater attractiveness of the lump sum tax and the efforts of legislators for greater use among entrepreneurial taxpayers. The paper also lists other important changes and measures which relate to the preferred and much more used tax institutions, not only by entrepreneurial taxpayers. Specifically, these are measures relating to changes in claiming expenses as a percentage of revenue, tax benefit for dependent children, discount on placement of a child in pre-school facility, pension and life insurance limits, and others. The above-mentioned changes and measures, which influence the tax optimization and lead to the neutralization of the tax system in the Czech Republic, can generally be considered positive and significant, not only in terms of the redistributive function of the tax but also in terms of fiscal policy itself. These changes reinforced the basic principles necessary for the functioning of the market economy, namely the principle of tax neutrality and tax universality, and represent a positive trend in the Czech tax system.

Název v anglickém jazyce

Tendencies Leading to Increased Tax Neutrality in the System of Personal Income Tax in the Czech Republic

Popis výsledku anglicky

This paper deals with the description, analysis and comparison of some current changes and measures in the area of personal income tax that occurred during 2017 and are effective from 1 July 2017 and from 1 January 2018. The paper presents some important steps and measures under the package of tax changes in relation to direct taxes, namely personal income tax, which were approved in accordance with the set trend leading to increased tax neutrality in the area of direct taxes in the Czech Republic. These changes in tax legislation in relation to taxpayers of personal income tax primarily relate to changes in the requirements when applying for determination of the tax using a lump sum. The lump sum tax is one of the ways how entrepreneurs can optimize their tax liability. This measure represents the greater attractiveness of the lump sum tax and the efforts of legislators for greater use among entrepreneurial taxpayers. The paper also lists other important changes and measures which relate to the preferred and much more used tax institutions, not only by entrepreneurial taxpayers. Specifically, these are measures relating to changes in claiming expenses as a percentage of revenue, tax benefit for dependent children, discount on placement of a child in pre-school facility, pension and life insurance limits, and others. The above-mentioned changes and measures, which influence the tax optimization and lead to the neutralization of the tax system in the Czech Republic, can generally be considered positive and significant, not only in terms of the redistributive function of the tax but also in terms of fiscal policy itself. These changes reinforced the basic principles necessary for the functioning of the market economy, namely the principle of tax neutrality and tax universality, and represent a positive trend in the Czech tax system.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50205 - Accounting

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Central European Conference in Finance and Economics (CEFE 2017) : proceedings : September 20-21, 2017, Košice, Slovak Republic

ISBN

978-80-553-2906-2

ISSN

—

e-ISSN

—

Počet stran výsledku

9

Strana od-do

237-245

Název nakladatele

Technical University of Košice

Místo vydání

Košice

Místo konání akce

Košice

Datum konání akce

20. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000503056700025