Self-employment from the point of view of Personal Income Tax

The diploma thesis deals with personal income tax, more specifically self-employed persons. Self-employed persons make up a large part of business entities. The aim of the work is to evaluate selected aspects of personal income tax in the performance of self-employment from the point of view of administrative complexity and the amount of tax. The work begins with a theoretical part, which defines the basic concepts and procedures for determining the tax under Act No. 586/1992 Coll., on income taxes. This knowledge is applied to 3 self-employed people in order to optimize their tax burden on personal income tax. Two entities are private farmers and the next self-employed person is a beautician. Their self-employment over the last 5 years, as well as the calculated tax amounts were analyzed and then a tax return for 2021 was prepared in order to propose an optimized tax calculation. The results of the final work show that these self-employed people do not use all optimization tools. Using all these tools would not be as effective as not using them. At the end of the diploma thesis procedures for reducing the amount of income tax are proposed