Small businesses in the Czech Republic have said that they allow Government plans to change the Income Tax Act as part of the country’s new Convergence Program during the period 2014-17.The proposals include a CZK1.2m (USD59,500) cap on flat-rate costs that some enterprisers can currently claim on 60% of gross income. Individuals who claim the reduction for having rental income will be ineligible for the basic personal allowance and the personal allowance will remain at CZK24,840. European Council said that there is required to reduce differences in the tax treatment of employees and the self-employed.
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Denmark: Government announces several tax measures
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