The government is preparing more significant income tax cuts than previously planned to make up for the fact that the planned abolition of the so-called “super-gross” tax wage has been postponed until 2021.
Under a tax reform bill being drafted by the Finance Ministry the income tax Czechs pay could drop from the present 20 to under 19 percent. Finance Minister Alena Schillerova told Czech Television she wanted to link the proposed tax changes with changes to the health insurance system.
On the other hand, the prime minister has stressed the need to cut expenditures in public administration and has requested ministers from his own party to outline their cost-saving plans.
Language exams for foreigners seeking permanent residency permit to become tougher
Czech teenager builds second-largest ever Millennium Falcon LEGO model
Gunman kills six patients in Ostrava hospital, two more fighting for their lives
Press: Era of 100-crown lunch special is over, as food prices rocket
HN: Developers aiming to sell co-living concept in Prague