The Czech parliament is considering a draft bill that provides for the introduction of a new two-bracket individual income tax and other tax changes for 2021. The draft bill is currently before the Senate (upper house of parliament), following its approval in the Chamber of Deputies (lower house) on 20 November. With respect to individual income tax, the main change is the replacement of the 7% solidarity contribution with a new higher tax rate, resulting in the following brackets: Annual income up to 48 average wages - 15% Annual income over 48 average wages - 23% The current average wage...