<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

Comparison of Income Tax Base in Visegrad Countries

Department of Trade and Finance, Faculty of Economics and Management

Studies in Business and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Comparison of Income Tax Base in Visegrad Countries"}

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...

Comparison of Income Tax Base in Visegrad Countries

Online veröffentlicht: 27. Sept. 2021

Seitenbereich: 101 - 110

DOI: https://doi.org/10.2478/sbe-2021-0027

Schlüsselwörter
Income tax, depreciation, items reducing the tax base, Laffer curve

© 2021 Hinke Jana et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Comparison of Income Tax Base in Visegrad Countries

Online veröffentlicht: 27. Sept. 2021

Seitenbereich: 101 - 110

DOI: https://doi.org/10.2478/sbe-2021-0027

SchlüsselwörterIncome tax, depreciation, items reducing the tax base, Laffer curve

© 2021 Hinke Jana et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
Income tax, depreciation, items reducing the tax base, Laffer curve