Higher Tax Advantages for Families with Two or More Children to be Approved?


Income Tax Act amendment providing for the tax advantage amount for families with more children has been forwarded to its third reading.If the bill gets through as it is, the tax advantage is to be increased from CZK 15,804 to CZK 17,004 on a second child and from CZK 17,004 to CZK 20,604 on a third and every other one.

This increase, however, may been "compensated" for by doing away with the Tax bonus, a scheme which appears to be a talking point in the Czech Parliament lobby.