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Report: Czech Gov't to Propose Flat Tax



By AP
26 March 2007 @ 06:43 am EST

PRAGUE, Czech Republic - The Czech government plans to introduce year a 15 percent flat tax on personal income, a newspaper reported Monday.

"At the moment, the tax rate is certain," Prime Minister Mirek Topolanek told the Hospodarske Noviny daily. He said the government still has to approve various tax deductions in the new system. Government officials were not immediately available for comment.

Currently, the tax rate ranges from 12 to 32 percent, depending on the income.

The plan is part of a far-reaching reform agenda that the Cabinet pledged to introduce. It also includes reforms of the health care and pension systems.

The government is scheduled to present its tax reform, together with a reform of the welfare system, at the beginning of April.

Copyright 2008 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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