Personal Income Tax rates

 Published: 05.02.2018. 10.27


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Rate

Tax base

Progressive personal income tax:

  • for income up to EUR 20,004 — 20 %
  • for income from EUR 20,004 to EUR 55,000 — 23 %
  • for a part of income, exceeding EUR 55,000 — 31.4 %

1) annual taxable income;

2) income from economic activities.

Salary tax:

20 % — for monthly income up to EUR 1,667

23 % — for a part of monthly income, exceeding EUR 1,667

Income from employment, if a payroll tax book is submitted to the payer of income.

23 %

1) income from employment, if a payroll tax book is not submitted to the payer of income;

2) other income, if the payer pays both income subject to salary tax and other types of taxable income, for example, income from a contractor’s agreement;

20 % — for income from capital

Total gained income (dividends, interest, income from life insurance agreements, income from investing contributions made to private pension funds, income from life pension insurance agreements, income from the individual management of financial instruments).

20 % — for income from royalties

Royalty, from which the payer of income deducts tax throughout the year.

20 % — for increase in capital — income from selling capital assets:

  • immovable property (including the right to acquire immovable property);
  • stocks, capital shares, common stocks, investments in a partnership, and other financial instruments;
  • investment fund certificates and other transferable securities;
  • debt instruments (promissory notes, deposit certificates, short-term debt instruments issued by business companies) and other cash instruments quoted in money markets;
  • undertaking within the meaning of the Commercial Law;
  • objects of intellectual property;
  • investment gold and other precious metals, business objects on forex exchange or commodity exchange.

Deducting from the sales price of the capital asset the purchase value of the capital asset and the value of investments into the capital asset during the period of holding the capital asset

15 %

For income from increase in capital in transactions with capital assets, which were commenced, but were not finished by 31 December 2017 and for which a declaration was submitted on income from increase in capital

 

10 %

  • for earnings from economic activities, if the right to refrain from registering economic activities is exercised, whereof the SRS is notified;
  • for income from alienating timber and growing forest;
  • income from alienating scrap metal.

1) gained income, from which immovable property tax is deducted;

2) gained income, from which expenses relating to forest restoration are deducted.