COMPARISON OF INCOME TAX BASE IN VISEGRAD COUNTRIES

Jana Hinke, Tomáš Rain and Barbora Hrabovská
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Jana Hinke: Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic
Tomáš Rain: Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic
Barbora Hrabovská: Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic

Studies in Business and Economics, 2021, vol. 16, issue 2, 101-110

Abstract: The objective of the research was to compare the procedures for the calculation of income tax in the Visegrad Four (V4) countries. The statutory income tax calculation procedures are very similar in the V4 countries. Particular systems differ parametrically. Based on a literature review, synthesis of knowledge, comparison and simulation calculations, it can be stated that Hungary has the lowest corporate tax rate, and in the simulative calculations it also produced the lowest tax and highest profit after taxation for a fictitious entity in Hungary. Income tax in the V4 countries differs mainly in the possibility of applying the loss of previous years, in the impact of depreciation on the amount of the tax and in the income tax rebate linked to the employment of the disabled.

Keywords: Income tax; depreciation; items reducing the tax base; Laffer curve (search for similar items in EconPapers)
Date: 2021
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