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Taxation

Amount of tax-free income beginning from 1 January 2018
Beginning from 1 January 2018 the overall tax-free amount (basic exemption) of up to 6000 euros per year or up to 500 euros per month will be applied on all types of income and the increased basic exemption on pension and compensation for accident at work will not be applied in the future.

In year 2018:

  • annual income up to 14 400 euros gives 6000 euros as annual basic exemption
  • in case annual income increases from 14 400 euros to 25 200 euros, basic exemption decreases according to the following formula: 6000 – 6000 ÷ 10 800 × (income amount – 14 400)
  • if annual income is above 25 200 euros, basic exemption is 0.

Additional information about taxation please read on Tax and Customs Board website.