President may see his income taxed

13-08-2010

The Czech president may see his income reduced and taxed within the government’s austerity measures. The cabinet has proposed reducing the president’s monthly salary – which amounts to 196.000 crowns – by five percent and levelling a 15 percent tax on his income. Ex-president Vaclav Havel will also see his 50 thousand crown monthly income taxed. Under current law the president alone is exempted from tax duty. Neither President Klaus, not ex-president Havel have commented on the proposal.