Further tax and payroll levy hikes on horizon
The government's €1.4bn consolidation package will mainly consist of a new tax on non-cash bank transactions (€500m), sources told the daily E. The cap for payroll levies is to be raised from 7 to 11 times the average wage and the income tax rate will be increased to 22% for large companies. For sole traders, minimum levies are to rise by a fifth and flat-rate expenses are to be increased to compensate. Toll rates for trucks will grow 40%. Payments into the second pension pillar will be reduced from 4% to 3% of gross wages. The tax bonus for children will be cut. The government will present consolidation measures by September 20.
Comentários