Document 120 - Amendment to the Income Taxes Act - RJ

The proposal abolishes the basic discount per taxpayer and transfers it to the tax benefit regime in the same amount of CZK 30 840 per year, which will now be available as a tax bonus up to the amount of social and health insurance premiums paid. The aim is to enable low-income employees to take full advantage of the support and to strengthen their motivation to work legally. At the same time, the amount of the child bonus is limited according to the insurance premiums paid and related references in the law are modified. The sections on compliance with international treaties, the impact on security and the proposal for approval at first reading have been deleted from the proposal; the effective date is set for 1 January 2027.