Český finanční a účetní časopis 2013(2):38-49 | DOI: 10.18267/j.cfuc.338

Corporate Income Taxation and the Corporate Tax Base in the Czech Republic

Leoš Vítek
doc. Ing. Leoš Vítek, Ph.D. - docent; Katedra veřejných financí, Fakulta Financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <leos.vitek@vse.cz>.

The article focuses on trends in tax revenue from corporate income tax in the Czech Republic, the development of number of taxpayers; corporate profits tax bases and the interactions between them. It also shows impacts of profit adjustments on corporate tax revenues. The results of the analysis show that it is difficult to explain the variation in the tax base or tax revenue only by one variable, such as the development of the economy, the number of taxpayers and the tax and accounting rules. Dependency between the tax obligation and the number of taxpayers or the tax rate was not confirmed. Only weak dependency exists between changes in GDP and changes in tax, mainly due to fluctuations in taxes in the first half of the nineties of the last century; in the last decade the dependency is stronger. Relatively strong is the relationship between accounting profit of firms and GDP, especially in the last 15 years. For the calculation of the tax base more important than firms profits are changes of profits to tax base and this effect during the economic slowdown increased.

Keywords: Corporation income taxation; Tax base; Profit.
JEL classification: H25, H32

Published: June 1, 2013  Show citation

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Vítek, L. (2013). Corporate Income Taxation and the Corporate Tax Base in the Czech Republic. Czech Financial and Accounting Journal, 2013(2), 38-49. doi: 10.18267/j.cfuc.338
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