The threshold separating the Czech Republic’s two income tax rates is to increase in 2023, the country’s tax agency said.
The 15% and 23% tax rates are separated by a threshold based on an average wage of 40,324 koruna (US$1,615.10) in 2023, up from 38,911 koruna in 2022, the Financial Administration said in a news release (Czech).
The annual threshold is 48 times the average wage, or 1,935,552 koruna, up from 1,867,728 koruna in 2022, the agency said. The monthly threshold used for income tax withholding is four times the average wage, or 161,296 koruna, up from 155,644 koruna in ...
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