The new income tax bracket – Clarifications by the Ministry of Finance for the tax credit of 2,000 euros
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The new income tax bracket – Clarifications by the Ministry of Finance for the tax credit of 2,000 euros

The new income tax bracket – Clarifications by the Ministry of Finance for the tax credit of 2,000 euros

The new income tax bracket – Clarifications by the Ministry of Finance for the tax credit of 2,000 euros

 

As announced by the Ministry of Finance, the new tax rate that will apply to employees, pensioners as well as for freelancers is:

 

– For annual income up to € 20,000: Tax rate 22%

– For income from 20001-30000 euro: Tax rate 29%

– For income from 30001-40000 euro: Tax rate 37%

– For income above € 40,000: Tax rate 45%

 

The Ministry of Finance also notes the information that for income over € 20,000, the tax credit of € 2,000 will be reduced by 100 euros per 1,000 euros of income until deleted.

 

The new scales of solidarity contribution are as follows:

 

2.2% for income from 12001-20000 euro.

5% of 20001-30000 EUR

6.5% from 30.001- 40.000 euro

7.5% from 40.001 up to 65.000 euros

9% from 65.001 up to 220.000 euros

10% from 220.001 and above.

 

rents

 

-Income up to 12,000 euro rate of 15%

-income from 12 001 euro to 35,000 euro by 35%.

-income from 35.001 euro and up to 45%.

 

dividend tax  15%.