Wages, Contributions, Income Tax Credits and Child Tax Benefits in the Czech Republic Between 2007–2017
Wages, Contributions, Income Tax Credits and Child Tax Benefits in the Czech Republic Between 2007–2017

Summary/Abstract: Some foreign students of economics attending an institute of tertiary education in České Budějovice (the Czech Republic), where the paper´s author is employed at present, make frequent enquiries about the amount of incomes, taxation, benefits, insurance and insurance contributions and so forth. Regarding this context, the paper should then be primarily viewed as an additional reference or complementary information that the undergraduates may use. The author provides a thumbnail sketch involving wages, personal income tax credits, child tax benefits and contributions on pension insurance, health insurance and social security. These topics and their development in the Czech Republic from 2007 to 2017 are briefly discussed here, with the main attention being drawn to particular procedures for determining the previously mentioned contributions as well as net wages, which are both examined and calculated during the period under review. Based also on the example of a model employee having a regular income and bringing up a child in a joint household, the findings imply a certain degree of stabilization of the tax system in some of the observed areas.

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