Tax system Czech Republic

The Czech Republic has been a member of the EU since 1.5.2004. The tax system was adapted to EU requirements in the course of accession. Corporations are subject to corporation tax. It follows a modified classical system. At the corporate level, the tax rate is 26% (2005) or 24 % (2006). Lower rates exist for certain funds.
A deduction rate is applied to the shareholder. Individuals are subject to income tax. The tax rate is progressively between 15 and 32 %. It will Property tax and Inheritance tax levied, there is no wealth tax. the value added tax corresponds to the EU system. The standard rate is 19 %, the reduced rate is 5 %. There are around 70 DTAs, which largely correspond to the OECD-MA.

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