Over 20 percent of Czech employees changed their job over the past six months, and more than a fifth are considering finding new employment or are actively searching for it, according to a global survey Workmonitor carried out by the recruitment agency Randstad. The survey also suggests that 65 percent of Czech employees are happy with their current employer.
Municipalities across the Czech Republic could raise more money if local
councillors are given the ability to specifically tax properties located on
industrial zones, according to the Ministry of Finance, which is working on
the legislation. Currently, Czech municipalities are able to raise only a
fraction of what their counterparts in Germany raise through this specific
tax, according to a developer commissioned analysis. Finance Minister Alena
Schillerová (ANO) believes that if local councils are given the chance to
tax these specific properties, without targeting residents. She told Czech
Television that the specific amount of the increase is still negotiable.
The Association of Towns and Municipalities has been arguing that more money from the state budget should be allocated to these areas of administration, because, in the words of the director of the association, they are shown to be very good managers. However, the finance minister says she is not willing to make changes in budget allocations.
Total tax revenues excluding social security insurance rose by 5.4 percent
last year to 1.075 trillion crowns, the Ministry of Finance said. Collected
revenue was about 12 billion crowns lower than planned.
The Ministry of Finance anticipates even higher revenues in 2020. In part, this stems from 10 percent higher taxes on alcohol, tobacco and gambling, which should increase state revenues by about 10 billion crowns.
The aim is to keep the budget deficit at 40 billion crowns or 0.7 percent of economic output.
Trade unions will demand at 6-7 percent rise in average wages this year,
according to Josef Středula, head of the Czech-Moravian Confederation of
In an interview with iDnes.cz published on Sunday, Středula said that despite an expected slowdown, Czech companies can afford pay hikes. If wages stagnate, he said, the entire Czech economy – half of which is driven by consumption – is at risk.
Czech GDP in real terms has already exceeded 90 percent of the European Union average, yet Czech wages are at around 30 percent of the European average in nominal terms, Středula said.
Czechs will have to pay more for spirits and tobacco products in 2020.
Under a tax amendment approved by Parliament in December the excise tax on tobacco and cigarettes will go up by 10 percent in 2020, while that on spirits by 13 percent.
Certain forms of gambling will also see a tax increase from 23 to 25 percent.
While the ministry expects the price of a packet of cigarettes to rise by around five crowns next year, tobacco companies say consumers are likely to pay an extra 12 or 13 crowns.