Czech income tax: Flat Income Tax Continues in the Czech Republic in 2010

An economic savings package which is prepared by the Ministry of Finance is approved by the Czech Government in September 2009.

The package which is aimed at decreasing the budget deficit originally contained bringing the progressive personal income tax brackets once again, a 15% tax rate for income up to CZK 2,287,200 and a 23% tax rate for excess income.

The package, with its last accepted form didn't include the progressive taxation of individuals, the current 15% flat tax rate for individuals will most likely continue in 2010.

Read more about Taxation in the Czech Republic.