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Czech Republic: Personal Taxation

Rates of Income Tax

Personal income tax is charged at a flat rate of 15%. Where other income (or dividends) has been subject to withholding tax, no further tax is due. Tax is due on payments of cash, or in kind. Income received from the sale of securities qualifies for exemption, although this depends on the period of time the securities have been held. Proceeds from the sale of a partnership are also exempt provided the partnership has been held for at least five years.

A personal allowance of CZK24,840 for 2012 is available to each individual, plus an additional allowance of CZK1,117.

There is no separate capital gains tax in the Czech Republic; capital gains are included with other income for purposes of tax liability.



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