What We Know about the Child Tax Bonus in the Czech Republic and What We Would Like to Know Cover Image

What We Know about the Child Tax Bonus in the Czech Republic and What We Would Like to Know
What We Know about the Child Tax Bonus in the Czech Republic and What We Would Like to Know

Author(s): Jana Godarová, Robert Jahoda
Subject(s): Welfare systems, Public Finances, Fiscal Politics / Budgeting, Socio-Economic Research
Published by: Masarykova univerzita
Keywords: Social Policy; benefits for families with children; tax credit; child tax bonus; incentives;
Summary/Abstract: Families with children are traditionally the target group of the social system in developed countries. This paper deals with regular financial support, which maybe the household entitled to in the Czech Republic, specifically the child tax bonus (hereinafter "CTB"). Changing the Act on income taxes, since 2007 the child tax allowance has been replaced by the refundable child tax credit in the Czech Republic. This may take the form of the non-refundable part of the tax credit, followed by the child tax bonus. While other elements of the welfare system for families have been already analysed, “CTB” is still unexplored.