The tax system in the Czech Republic, or what do you know and why should it pay?


The basic division of taxes, directly and indirectly, and then to other subgroups. In the case of direct tax, you can specify the taxpayer, but in the case of direct tax, you can not specify. Therefore, this department is called the taxpayer-bound department.
Direct taxes are divided into income tax and property tax. Pension tax is determined according to the amount of pension, which is understood as income. Such a tax is income tax, which is paid in the amount of 15% for individuals and 19% for legal entities. The 2nd group is property tax, which means that the basis for calculating the amount of tax is the amount of property. There are many such taxes and they can be: property tax, inheritance tax, gift tax, property transfer tax, road tax, or environmental tax.kalkula─Źka a tabulka
Indirect taxes are VAT, customs duties (export, import and transport), or excise taxes. VAT or VAT has tax rates of 21, 15 and 10%. Excise taxes can be on hydrocarbon fuels and lubricants, alcohol and spirits, beer and wine, tobacco and tobacco products.
Taxes have 4 basic functions. These are the functions of allocation, redistribution, fiscal and stabilization. The allocation function means that the tax corrects the inefficient allocation (distribution) of resources through the market. Inefficient allocation is due to the externality of public goods, the presence of incomplete competition, etc.
Functions of Finance We simply understand that taxes have the ability to meet the public budget. The redistribution function means that the tax can reduce the difference in the pension of individual entities. Simply put, the state collects its finances from the richer to a greater extent, and this makes it possible to increase income to the poor.mince a bankovky
The stabilization function simply ensures that cyclical fluctuations caused by the business cycle are mitigated. In times of recession, taxes drain a larger share of the budget and prepare for bad times, but in times of stagnation they help kick-start the economy.
Therefore, taxes are so important that states probably won\’t work that well without them.