14th April 2015

Economic Policy: OECD: Czech Republic has 8th highest tax wedge

 

According to the OECD Taxing Wages 2015 report issued on April 14 the Czech Repulic has the 8th highest tax wedge among the 34 OECD member states. The average single worker in the Czech Republic experienced a tax wedge of 42,6% in 2014 (vs. 36% OECD average). Between 2009 and 2014, a single worker tax wedge increased by 0,6 percentage points (vs. OECD average increase of 0,9 percentage points between 2009 and 2014).

As fpr the employees, an average single worker experienced a net tax burden of 23,1% in 2014. The take-home pay after tax and benefits was therefore 76,9% of their gross wage, compared with the OECD average of 74,5%.

To view the report clik here. To view the data for the Czech Republic click here.

Members of the American Chamber of Commerce in the Czech Republic