Czech Senate Approves Income Tax Cut Delay
by Ulrika Lomas, Tax-News.com, Brussels
05 January 2009
The Czech senate has approved legislation delaying a cut in income tax and lowering social security payments by 1.5%.
The personal income tax rate had been due to fall to 12.5% from 15% on January 1, 2009, but the government has decided to keep the rate at its former level.
The government will compensate by adjusting tax exemption levels, which were also due to fall in line with the tax cut. Also, social security payments made by employees have been lowered from 12.5% to 11% while similar payments made by companies have been reduced from 35% to 34%.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
