Income tax rate is a term that refers to the rate of income tax. It belongs among direct taxes. It is payed on the basis of written tax return of the taxpayer to the competent tax office (directly to the government).
We distinguish between:
- Income tax rate on natural person
- Income tax rate on legal person - in financial analysis it is used ana abbreviation t (Tax)
Use of Income tax rate in practice: in a business it is used by CFO in financial analysis.