The 2012 edition of Taxation Trends in the European Union has been released by the Eurostat. This report contains a detailed statistical and economic analysis of the tax systems of the Member States of the European Union, plus Iceland and Norway, which are Members of the European Economic Area.
The Czech Republic is well below average tax rates in all three main categories – the average personal income tax rate is 38.1% (15% in the Czech Republic), the average corporate income tax rate is 23.5% (19% in the Czech Republic) and the average VAT rate is 21% compared to 20% in the Czech Republic. The tax revenues accounted for 33.8% of the GDP in 2010, compared to the EU average of 38.4% of the GDP. In general, we can see further increase in VAT rates as well as rise in personal and corporate income taxes throughout the whole Europe.
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19th June 2018
13th July 2018