Mazars CEE Tax Guide 2020: Czech and Slovak republics among 21 countries with the highest level of labour taxation
23.09.2020Company: Amcham
The Czech Republic, Slovakia and Russia lead the rankings of the 21 CEE countries where employers and employees have to pay the highest mandatory contributions to social and health insurance. This is according to the international MAZARS CEE Tax Guide, which monitors the development of direct and indirect tax, labour expenses, wage levels and the area of transfer pricing.
“If the taxation related to consumption will become more important for fiscal income, at the same time the governments will then pay closer attention to more effective tax collection. Because the danger of tax evasion is the greatest in this area, governments are leaning more and more to the use of digital technologies to prevent and uncover any abuse. The goal is the comprehensive monitoring of the sales process, the detection of non-taxable transactions and the limitation of tax fraud. The introduction of online registration registers and special attention paid by the tax authorities to transactions that involve transportation could be an effective tool against tax evasion,” stated the Leading Partner of Mazars’ Tax Department, Pavel Klein.
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Tags: Finance |
