Social and health insurance contributions in Czech Republic among highest in CEE region, study shows

At 33.8 percent, Czech companies and employees pay some of the highest social and health insurance contributions when compared with other Central and Eastern European states, a new study conducted by tax advisory firm Mazars shows. These costs are higher only in Slovakia, where the same groups have to pay a contribution of 35.2 percent.

Meanwhile, at 27 percent, Hungary has the highest value added tax rates. With its minimum rate of VAT at 10 percent, the Czech Republic is still above the regional average, according to the Mazars’ study.

With an average private sector net salary of EUR 1,025, Czechia trails behind Germany (EUR 2,221), Austria (EUR 2,131) and Slovenia (EUR 1,241), but tops the list when compared to other Visegrad Four countries, Mazars’ data states.