Most Czechs approve of govt move to abolish ‘super gross’ wage, poll

Issues

More than half of Czechs favor the government’s move to abolish the so-called “super gross” wage as the base for calculating employee income tax, a Median poll conducted for Czech Radio shows. 

The super gross wage is the sum of an employee’s gross wage plus social and health insurance premiums. In its place, as of January 2021, the government plans to introduce a progressive tax rate of 15% for annual income of up to CZK 1.5 million (EUR 56,286) and 24% for income above this amount.

According to the Median survey, 56% of respondents welcome its abolishment, 33% oppose it and 11% have no opinion on the subject. People with a university education and voters of center-right parties are most opposed to abolishing the super gross wage, the poll found.

The government has argued its cancellation will boost consumer spending and help rev up the economy post-coronavirus, Czech Radio says.

MOL Shareholders Approve Dividend of Around HUF 250/Share Figures

MOL Shareholders Approve Dividend of Around HUF 250/Share

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo... Government

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...

Hungary's Largest ESG Consultancy Formed by Merger of EY, De... Deals

Hungary's Largest ESG Consultancy Formed by Merger of EY, De...

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.