1. bookVolume 16 (2021): Issue 2 (August 2021)
Journal Details
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Journal
eISSN
2344-5416
First Published
06 Mar 2015
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3 times per year
Languages
English
access type Open Access

Comparison of Income Tax Base in Visegrad Countries

Published Online: 27 Sep 2021
Page range: 101 - 110
Journal Details
License
Format
Journal
eISSN
2344-5416
First Published
06 Mar 2015
Publication timeframe
3 times per year
Languages
English
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

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