The super-gross wage and the solidarity tax are abolished and a progressive taxation is introduced at the tax rates of 15 % and 23 %. The increased tax rate is applicable for the amount exceeding the threshold of 48 times the average wage; CZK 1,701,168 (EUR 64,646) p.a. for the year 2021. Tax Loss Carry Back. An amendment to the Income Tax Act Personal Income Tax. Tax residents in the Czech Republic are taxed on worldwide income, whereas non-residents are only taxed on income from within the Czech Republic. Income tax is set at a standard rate of 15%, regardless of salary. Employees must also make social security contributions which cover pensions, unemployment benefits, and sick pay. 4.2 Tax on capital gains on the disposal of shares in a company owning real estate. Proceeds subject to income tax. Individuals exempted if time period between buying and selling of shares exceeds five years. Income tax rate: 19% (corporations), 15% (individuals). Companies (tax residents of the Czech Republic and the EU) exempted if selling at Tax Gambling Taxation Revised by the Chamber of Deputies of the Czech Republic . Parliamentary Press No. 509 – the government bill on amendments to certain tax acts in connection with increasing public budget revenue, which also amends Act No. 586/1992 Coll., on Income Taxes, as amended (“Income Taxes Act”) – was passed through a third reading in the Chamber of Deputies of the Czech About the 2022 Annual Wage Calculator. Calculate your annual take home pay in 2022 (that's your 2022 annual salary after tax), with the Annual Czech Republic Salary Calculator. A quick and efficient way to compare annual salaries in Czech Republic in 2022, review income tax deductions for annual income in Czech Republic and estimate your 2022 In the Czech Republic, there are two new VAT rates (21 percent and 12 percent) for 2024. The standard rate of VAT - 21%. The reduced rate of VAT - 12%. These new rates consolidate the previous year’s three rates of 21, 15, and 10 percent. This aims to simplify the VAT system by unifying the previous two reduced rates into one reduced rate of Rates – The standard VAT rate in Czech Republic is 20% and the reduced rate is 10%. Taxable transactions – VAT is levied on the sale of goods and the provision of services. VAT is levied on imported goods at the same rates as domestic goods. Exported goods to non-EU countries are an exempt supply. Since 2021, natural persons´ income has been taxed at a 15 % tax rate up to the tax base limit in the amount of a 48 multiple of the average wage (i.e. up to CZK 155,644 per month and CZK 1,867,728 per year in 2022). The annual tax base beyond a 48 multiple of the average wage will be taxed with an increased rate of 23 %. Czech Republic has a flat income tax rate of 15.00% applicable to all people, regardless of income level. How does the Czech Republic Income Tax compare to the rest of the world? Czech Republic has one of the lowest income taxes in the world, charging a maximum income tax of 15.00%. The lowering of the taxpayers’ income tax rate threshold for the 23-percent rate and the elimination of certain deductions, exemptions, as well as the reintroduction of employees’ sickness insurance, will affect not just Czech employees and employers, but will increase the costs for the international assignments to the Czech Republic as well. SFST8.