daň z důchodu

The term „daň z důchodu,“ translated to „income tax“ in English, refers to a taxation system where individuals or entities are required to pay taxes on their income. This includes wages, salaries, dividends, interest, rents, and any other earnings. Typically, income tax is assessed based on the amount of income that an individual or corporation earns over a specific period, usually annually.

Income tax can be progressive, where the tax rate increases as income rises, or flat, where a single tax rate applies to all income levels. Governments use income tax as a primary revenue source to fund public services, infrastructure, and other governmental functions. The tax may have various deductions, credits, and exemptions that can reduce the taxable amount, allowing taxpayers to minimize their liability.

Taxpayers are generally required to file an income tax return at the end of the fiscal year to report their earnings and calculate their tax obligations. The specifics of income tax, including rates and regulations, can vary significantly between countries and jurisdictions.