PragueBuzz!

Czech Business Weekly (CBW) November Issue (48) reports about Czech IT Manager’s low-pay, being the 8th-worst paying country.

Top 10 paying countries (dollars)

1. Switzerland - 123,080
2. Denmark - 123,080
3. Belgium - 121,170
4. UK - 108,230
5. Ireland - 108,230
6. United States - 106,730
7. Germany - 106,730
8. Canada - 93,860
9. Hong Kong - 90,340
10. Australia - 88,550

Lowest 10 (dollars)

1. Vietnam - 22,240
2. Bulgaria - 22,240
3. Philippines -31,720
4. India - 31,720
5. Indonesia - 31,720
6. Shanghai, China - 33,730
7. Malaysia - 35,260
8. Czech Republic - 35,880
9. Beijing, China - 36,220
10. Argentina - 43,180

[Ceerecruit]

From expats.cz forum with slight modification

How much money will you get from 2008 on?

The calculator at http://www.finance.cz/dane-a-mzda/financni-kalkulacky/mzda-po-reformach/ actually shows you how it is now. I the column “sou?asn� stav” - the higher your salary the higher the difference.

• if you make 30,000 kc per month, you will save 171 kc in 2008.
• if you make 60000 kc per month, you will save 2389 crowns in tax year 2008.
• if - you make 100000kc per month, you will save 8288 crowns.

But there was never a flat tax rate of 32%, only for a certain portion of earnings. The breakdown was 12% on the amount up to 121200, 19% on the amount between 12000 and 21000, 25% on the amount between 21001 and 33000, and 32% on the amount over 33000 (so it actually was applied only in the event you earn appox. 27,500 kc per month)
The actual tax rate was always less than 32%.  Now it will be the flat percentage for everyone. So in a way a tax rate increase for those who make less, that is balanced out by the higher personal allowance, so it only makes a big difference if you have high earnings.

[Expats.cz, Thanks Sascha!]