COMPARISON OF THE CONDITIONS OF TAXATION ON LABOR IN HUNGARY AND THE SLOVAK REPUBLIC
Income taxes constitute an important source of revenue for public finances everywhere. Essentially, the incomes of natural and legal persons are taxed. The tax on income from dependent activity, i.e. tax on labor, is one of the most important sources of tax revenue. The amount of tax revenue depends on the activities of the natural person (employee) but also on the activities of the persons who are in the position of the employer. These persons in the position of employer can also be natural persons, but in the majority of cases, they are legal persons. The focus of the study is on incomes from labor in Hungary and in Slovakia from the perspective of regulation and economic conditions. The main objective of the study is to examine the legislation on the taxation of labor and study the tax wedges in the two selected states. The conducted research is based on secondary sources. The results are presented in part in the results and discussion section and also in conclusion of the study. Our results point out the fact that even neighboring countries can have several differences in taxation with regard to the studied tax. One reason for studying this fact is that a good number of people in the bordering regions might extend their activities into the territory of the other country as well.
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