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Analysis of personal income taxation in the Czech Republic
HOLČÍKOVÁ, Aneta
The bachelor thesis deals with the analysis of income taxation of self-employed persons on the basis of a trade licence in the field of timber harvesting. The thesis is divided into two parts, namely theoretical and practical. The aim of the bachelor thesis is to evaluate the taxation of personal income in the Czech Republic and to propose possible solutions to reduce the tax liability for a selected self-employed person. The theoretical part characterizes the natural person, the trade, the income of the natural person according to sections and the way of their taxation. The changes in the business sector created to help individuals and corporations during the covid period are also mentioned. Further in the practical part, the method of observation and analysis is used. The observational method is used to collect data in the field of income taxation of the selected self-employed persons for the taxation period 2006 to 2021, which are analysed in clearly arranged tables and evaluated. Income and expenditure are classified into those included in the tax base and those not affecting the tax base. Alternatives to the way in which expenditure is applied are assessed. As a result, it is found that when a self-employed person invests a large amount in fixed assets, it is more advantageous for him/her to apply expenses for the purpose of earning, securing and maintaining income, whereas in the current period, without major investment, it is worthwhile to apply flat-rate expenses. Finally, options for reducing personal income tax are proposed, with a recommendation that selected self-employed persons reduce the tax base by the premiums paid for private life insurance and the provided free benefits.
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