The topic of this thesis is “Impacts and consequences of
changes in personal income tax”. The main objective of this
thesis is an analysis of particular main changes in personal
income tax and impacts of these changes on the labour market,
public budgets and household consumption. The theoretical part
of the thesis is focused on definition of personal income tax
and changes made during the year 2020 and 2021 (effective since
2021) such as abolition of the super-gross wage, implementation
of two personal income tax rates, increase of a tax discount,
new flat-rate tax or increase in tax benefits for children
in-cluding abolition of the limit and creation of the
possibility of utilization of the diet contribution in cash.
Next part of the theoretical part is about the impact of taxes
and their changes from the microeconomic and macroeconomic
view. The theoretical background is used in a practical part of
the thesis with con-crete real examples of changes in personal
income tax in the form of calcula-tions and comparison of the
situations before and after the changes of income tax acts.