scholarly journals Reflection of the Change in VAT Rates on Selected Household Expenditures in the Czech Republic and the Slovak Republic (2007–2013)

2014 ◽  
Vol 62 (6) ◽  
pp. 1465-1474 ◽  
Author(s):  
Jan Široký ◽  
Regína Střílková ◽  
Anna Bánociová ◽  
Veronika Zlaczká
Keyword(s):  
Czech Republic ◽  
Slovak Republic ◽  
Value Added ◽  
Synthetic Methods ◽  
The European Union ◽  
Household Expenditures ◽  
The Czech Republic ◽  
Typical Representative ◽  
Household Spending ◽  
Reduced Rate

Member States of the European Union in the period of years 2007–2013 increased the rate of value added tax several times in an attempt to consolidate public budgets. While the Czech Republic is a typical representative of country changing VAT rates several times, Slovakia made practically only one change in the VAT rate. On the other hand, the Slovak Republic is a country where the reduced rate is applied only to the minimum of commodities. Changes in VAT are naturally reflected in household expenditures which are analyzed by the consumer basket, whose composition is also a subject of changes. Another factor that has an impact on household spending is swapping commodities between the rates of VAT.The aim of this paper is, based on the analytic-synthetic methods, to determine how are these changes differently manifested in the Czech Republic and the Slovak Republic in reference to the share of commodity consumption included in the standard and reduced VAT rates and to the exempt transactions, and, in particular, to determine how they affected the VAT burden of the hypothetical household in both countries.

scholarly journals Changes in the VAT Burden on Expenses of Selected Households in the Czech Republic (2007–2014)

2015 ◽  
Vol 6 (3) ◽  
pp. 189-202
Author(s):  
Regína Střílková ◽  
Jan Široký
Keyword(s):  
Czech Republic ◽  
Household Income ◽  
Value Added ◽  
Household Expenditures ◽  
The Czech Republic ◽  
The Public ◽  
Household Spending ◽  
Income Groups ◽  
Standard Rate ◽  
The Impact

Abstract The Czech Republic is a typical representative EU Member State which has several times changed VAT rates during the analyzed period 2007–2014 in an effort to consolidate the public budget. These changes are reflected in household spending, which were analyzed by means of the consumer basket, the composition of which is also undergoing changes. Another factor that has an impact on household expenditures is the transfer of commodities between the reduced and standard rate of VAT. The final factor used is the differentiation of households according to their income levels. The aim of this paper is to determine how these changes took effect in the Czech Republic in the share of consumption of commodities included in the standard and reduced VAT rates and in exempt transactions according to household income groups in the analyzed period 2007–2014 and to determine the impact of these changes on the tax burden on selected households by value added tax and confirmation of the assumption of VAT regressivity.

THE WORK – LIFE BALANCE IN THE EUROPEAN UNION WITH FOCUS ON PARENTAL AND PATERNITY LEAVE

2021 ◽  
pp. 88-103
Author(s):  
Zuzana Horváthová ◽  
Iva Fischerová ◽  
Josef Abrahám
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Social Policy ◽  
Slovak Republic ◽  
Work Life ◽  
Work Life Balance ◽  
The European Union ◽  
Life Balance ◽  
The Czech Republic ◽  
Paternity Leave

The paper deals with the social policy of the European Union, specifically the directive (EU) 2019/1158 of the European Parliament and of the Council of 20 June 2019 on work-life balance for parents and carers and repealing Council Directive 2010/18/EU. And it is considering the changes that need to be made in the area of labour law, especially concerning the Labour Code, and partially in social security in the Czech Republic and the Slovak Republic, in connection with the requirement to transpose this directive. The aim of the paper is to evaluate the valid legislation of the Czech Republic and Slovak Republic in the monitored area. Key words: social policy, European Union, work-life balance, directive, parental leave, paternity leave, carers ́ leave, social security.

scholarly journals Supporting Producer Groups – Increasing Producer’s Value Aded?

2018 ◽  
Vol 49 (2) ◽  
pp. 142-152 ◽  
Author(s):  
P. Kotyza ◽  
K. Tomsik ◽  
K. Elisova ◽  
A. Hornowski
Keyword(s):  
Czech Republic ◽  
Agricultural Sector ◽  
Slovak Republic ◽  
Value Added ◽  
The Czech Republic ◽  
Relative Ease ◽  
Programming Period

Abstract Cooperation between entities can be the basis for improved competitiveness. The Czech Republic and the Slovak Republic were able to draw on EU funds to support the formation of producer groups. Main objective was to investigate whether the funds have led to an increase of value added of products placed on the market. In the Czech Republic and the Slovak Republic during the reporting period the sum of 44 million EUR was provided to support the establishment of marketing organizations, 305 producer groups were supported. Many of the supported entities are no longer active. In the Czech Republic, only 15 entities are still operating, but they do not have a significant impact on the increase of value added of the agricultural sector. In the Slovak Republic, entities supported in the first programming period (2004–2006) have a higher share of the generated value added. During the second funding period (2007–2013), the supported groups showed a negative value added. Given the characteristics of supported groups, the number of successfully supported groups, the reported features and the total value of generated value added, it can be suggested that most of the entities were established due to the relative ease of fundraising.

scholarly journals Assessment of the social exclusion at the regional level using multi-criteria approach: evidence from the Czech Republic

Equilibrium ◽  
2021 ◽  
Vol 16 (1) ◽  
pp. 75-102
Author(s):  
Roman Vavrek ◽  
Eva Kovářová
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Social Exclusion ◽  
Social Services ◽  
Value Added ◽  
Well Being ◽  
The European Union ◽  
The Czech Republic ◽  
The Social ◽  
Wide Range

Research background: Social services are the main social tool used for the prevention and solution of social exclusion and its risk. Services of social prevention are focused on the well-being of the whole society and they prevent it from the influence of a wide range of socio-economic phenomena related to social exclusion, understood in multidimensional terms. Purpose of the article: The purpose of the paper is to evaluate districts of the Czech Republic with respect to selected socio-economic factors that lead or can lead to social exclusion, when the emphasis is placed on the exclusion of children and youth, and to identify the causes of differences existing among these districts within the period of years 2011?2016. Methods: The paper focuses on multi-criterial assessment of districts of the Czech Republic using 23 indicators covering main aspects of social exclusion, which are processed with the Technique of Order Preference Similarity to the Ideal Solution (TOPSIS technique) in combination with the Coefficient of Variance method used to determine the indicators? weight. The results obtained using these methods are completed by the Moran?s index, Shapiro-Wilk test, Mann-Whitney test, Kolmogorov-Smirnov test, Kendall Rank Coefficient and Levene?s test. Findings & value added: A small number of districts with very negative assessment, with the presence of social exclusion and its higher risk, respectively, are identified. Differences among regions are constant and could not be assigned to randomness or disposable changes in the structure of indicators. Higher number of children born to unmarried mothers can be considered a typical aspect of the districts with higher risk of the social exclusion. The methods applied in the research, whose results and findings are presented in the paper, can be inspiring to further studies focusing on the social exclusion in its multidimensionality. The research is framed with the European Union discourse of social exclusion, thus the presented findings also open space for the comparisons and discussions of the factors associated with the social exclusion in other European Union Member States.

scholarly journals Comparative Analysis of Financing for Small and Medium-Sized Enterprises in the Visegrad Group

2021 ◽  
Vol 92 ◽  
pp. 06041
Author(s):  
Veronika Vrablova
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
National Economy ◽  
Slovak Republic ◽  
Value Added ◽  
Bank Loans ◽  
Access To Finance ◽  
The Czech Republic ◽  
The World ◽  
Visegrad Group

Research background: Small and medium-sized enterprises form the backbone of any national economy. Therefore, sources of financing are important for the enterprise´s growth around the world. Finance for enterprises can be divided into classic and alternative. Recently, alternative ways of financing experienced a boom, especially venture capital, business angels, and crowdfunding. Although this type of funding is well known around the world, there are difficulties in using alternative financing among the Visegrad group. Moreover, there are lots of other factors curbing the expansion of enterprises. Purpose of the article: The purpose of this paper is to identify and compare sources of financing for small and medium-sized enterprises among the Visegrad group with focus on alternative financing. Visegrad group consists of the Slovak Republic, the Czech Republic, the Hungary, and the Poland. This paper presents an overview of available financing for small and medium-sized enterprises among the Visegrad group. Methods: For analysis, we used data from the the Survey on the access to finance for enterprises in 2019. Moreover, we also did hypothesis testing to compare the usage of financing through bank overdraft in the year 2019. Findings & Value added: We have reached several conclusions. Firstly, this paper suggests that classic sources of financing are used more than alternative ways, from which the bank loans and leasing are used the most. Secondly, the best condition of financing among countries of the Visegrad group is in Poland, but also other countries have huge potential. And finally, financing of enterprises is not the main issue causing difficulties in making business.

scholarly journals Evaluation of economic potential of business environment development by comparing sector differences: perspective of SMEs in the Czech Republic and Slovakia

2020 ◽  
Vol 11 (1) ◽  
pp. 135-159 ◽  
Author(s):  
Jaroslav Belas ◽  
Beata Gavurova ◽  
Martin Cepel ◽  
Matus Kubak
Keyword(s):  
Czech Republic ◽  
Slovak Republic ◽  
Value Added ◽  
Business Environment ◽  
Transport Sector ◽  
Categorical Variables ◽  
The Czech Republic ◽  
Doing Business ◽  
Business Conditions ◽  
The Given

Research background: Improving business conditions and SME development are signs of a country’s macroeconomic stability. The issue of identifying and removing barriers to the development of firms in the SME segment is a priority in all countries with developed economies and its importance is currently increasing. Purpose of the article: The main aim of this paper is to explore possible differences in entrepreneurs’ perception of the business environment based on the industry in which the company operates. The analysis contains also a national view, where a comparison between the Czech Republic and the Slovak Republic is performed. Methods: Correspondence analysis was used to achieve the research objectives in order to examine the relations between the categorical variables. Its application is beneficial in cases where the graphic output is clearer than the numerical one. Findings & Value added: The presented research makes it possible to identify problematic aspects of doing business in each sector and to create support mechanisms for the creation of effective structural policies. Entrepreneurs from the Czech Republic’s Production and Transport sectors agree with the statement that the business environment in the country is suitable for starting a business. As for business environment’s suitability for doing business, neither Slovak nor Czech entrepreneurs sector-wide agreed with the given statement. Czech entrepreneurs from the Services, Trade and Construction sectors, respectively, agree, fully agree with the statement that the business environment in the country is reasonably risky and allows for doing business. In the case of entrepreneurs from Slovakia, no significant correspondence is observed. Findings regarding the statement that the business conditions in the country have improved over the past five years are the following: In the Czech Republic, there is a perfect correspondence of the Transport sector and the agreement with the given statement. In the Slovak Republic, agreement was found with the given statement in the Transport sector and neutral position in the Production sector.

scholarly journals Green logistics tools applied in selected companies in the Czech Republic: a survey

2021 ◽  
Vol 129 ◽  
pp. 09004
Author(s):  
Jan Chocholáč ◽  
Šárka Vančurová ◽  
Michal Míka
Keyword(s):  
Czech Republic ◽  
Slovak Republic ◽  
Value Added ◽  
Business Practice ◽  
Point Of View ◽  
Computer Assisted ◽  
Green Logistics ◽  
The Czech Republic ◽  
Current Topic ◽  
New Challenges

Research background: The issue of green logistics is a very current topic not only from a scientific point of view but also from the point of view of business practice. The pressure to reduce negative environmental, social and economic impacts presents new challenges and pressures for companies, which will become more important in the coming years. This manuscript deals with green logistics tools applied in selected companies in the Czech Republic. The manuscript strictly focuses on the view of companies on green logistics and its tools, as well as on barriers and drivers for the implementation of green logistics. The aim of the article is to identify the attitude of selected companies in the Czech Republic to green logistics, to analyse barriers and drivers in the implementation of green logistics and to analyse the applied activities of green logistics and the reasons for their application. Purpose of the article: The main aim of the article is to identify the attitude of selected companies in the Czech Republic to green logistics and green logistics tools, to analyse barriers and drivers in the implementation of green logistics and to analyse the applied activities of green logistics and the reasons for their application. Finally, the results of this research are compared and discussed with the results of a study conducted in the Slovak Republic. Methods: To conduct the research, we have used computer-assisted web interviewing with selected Czech companies’ representatives. Findings & Value added: The results show that green logistics is very popular for companies. At the same time, barriers (most often financial) were identified, but also drivers and reasons for the implementation of green logistics tools. Comparing the results with the research conducted in the Slovak Republic, it can be stated that the results of both surveys were very similar, i.e. the location of the company in the Czech Republic or Slovakia does not affect the view of green logistics and its tools.

scholarly journals   Distribution of the increased tax burden for agricultural products and food  in the Czech Republic

2012 ◽  
Vol 58 (No. 5) ◽  
pp. 239-248
Author(s):  
P. David
Keyword(s):  
Czech Republic ◽  
Value Added ◽  
Major Change ◽  
Food Prices ◽  
Agricultural Products ◽  
Tax Burden ◽  
Value Added Tax ◽  
Agricultural Producers ◽  
The Czech Republic ◽  
Reduced Rate

The article determines the transfer rate of tax burden to the buyers of agricultural products and food consumer in the most recent major change in the reduced rates of value added tax in the Czech Republic in late 2007 and 2008. At the same time, it identifies the size of the portion of the increased tax burden which agricultural producers and sellers of food carry, after the increase in the reduced rate of VAT in the Czech Republic. The possible future changes in this field are considered on the basis of determining the values of the distribution of the increased tax burden. It also includes the determination of the indicator of change in the selling prices of agricultural products and food in the increase of the reduced rate of VAT in the Czech Republic. In 2008, the buyers of agricultural products carried a considerable part of the increased tax burden and food buyers were burdened by significantly more than just b an increased tax burden of the reduced rate of the value added tax. The growth in prices of agricultural products in the given period corresponded to the growth of the tax burden. Food prices doubled compared to the increase in the tax burden. These results should be considered when planning future changes in the field of the rates of VAT in the Czech Republic.  

scholarly journals Specifics of Cryptocurrencies from an Accounting, Tax and Financial View in a Globalized Environment

2021 ◽  
Vol 92 ◽  
pp. 03014
Author(s):  
Ivana Kucharova ◽  
Daniela Pfeiferova ◽  
Enikő Lőrinczova
Keyword(s):  
Czech Republic ◽  
Income Tax ◽  
Slovak Republic ◽  
Value Added ◽  
Legal Framework ◽  
Tax Base ◽  
Virtual Currency ◽  
The Czech Republic ◽  
Digital Asset ◽  
Financial Transactions

Research background: With the advancing entrance of digital technologies into all areas of private and business life in the past 10 years a new digital asset referred to as virtual currency or cryptocurrency had been invented. This virtual currency is not yet regulated in most countries and there is a need to establish a legal framework for accounting, taxation and recording of financial transactions so the treatment of transactions with these digital assets is the same across the globalized environment, as different approaches may affect the decision-making of the management and investors or can alter the tax base for income tax purposes. Purpose of the article: The aim of this paper is to compare and discuss the different possible approaches of recording and reporting of the virtual currencies for accounting and tax purposes and to compare the approaches among the Czech Republic, the Slovak Republic and Germany to point out the need for a harmonized solution in a global environment, as dealing with cryptocurrencies is not included in the accounting and tax legal framework in many other countries. Methods: Methods of description, analysis, comparison and synthesis are used to achieve the set aim of the paper. Different approaches to the topic are demonstrated and compared in illustrative Tables. Findings & Value added: The paper highlights the need for a uniform approach for the accounting and tax treatment of virtual currency by comparing the level of legal definitions and different approaches. The most elaborate legal implementation of this topic is in the Slovak Republic where the treatment of virtual currencies is included in the Accounting Act and the Income Tax Act. The Czech Republic approaches cryptocurrencies only on the basis of recommendations from the Ministry of Finance, which is not legally binding to obey. Germany has included cryptocurrencies in the Banking Act, the accounting definition is missing and the tax solution is in the Income Tax Act.

scholarly journals Economic Impacts of Cigarette Taxation Development in the Czech Republic and the Slovak Republic

2016 ◽  
Vol 64 (6) ◽  
pp. 2191-2200 ◽  
Author(s):  
Jarmila Zimmermannová ◽  
Jan Široký
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Slovak Republic ◽  
Economic Impacts ◽  
Tax Rates ◽  
The European Union ◽  
Tobacco Products ◽  
The Czech Republic ◽  
Correlation And Regression Analysis ◽  
Cigarette Taxation

This paper presents the analysis of economic impacts of cigarette taxation development in the Czech Republic and the Slovak Republic in the period corresponding with the membership of both countries in the European Union, precisely from May 2004 until January 2016. After introduction focusing on the issue of cigarette taxation and the overview of the international scientific research in this area, the authors focus on the analysis of cigarette taxation increase in both of the countries. Then the analysis of cigarette taxation impacts on expenses of selected types of households on consumption of tobacco products in the analyzed period is provided, using the methods of correlation and regression analysis. Finally, the results from the Czech Republic and the Slovak Republic are compared. Dealing with tax rates in EURO, it is obvious, that the increase of cigarette taxation was higher in the Czech Republic than in the Slovak Republic in the period 2004 – 2016. However, the expenditures of households on tobacco products consumption in both of the countries have not been decreasing.

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