Tax concessions

Last reviewed 08 Dec 2023

Direct

N/A

Indirect

Income tax concessions, e.g.

N/A

Tax credits

Family Bonus Plus:

N/A

Children Surplus:

N/A

Sole earner deduction pa.:

N/A

Single parent deduction pa.:

N/A

Child deduction:

Monthly child allowance, EUR 140 per child. up to 18 years of child's age; monthly child allowance EUR 50 for children older than 18 until the cildren are supported. The child allowance is further limited by the amount of tax base from employment and business income of the recipient of the child allowance.

Alimony deduction:

N/A

If in employment / pension income p.a.:

Allowances and exemptions

Profit allowance: 

Profit from the sale of options and shares up to EUR 500 annually, is exempt from tax except for income from the sale of shares acquired after 31.12.2023 which were:
■ employee shares or shares provided by the company to its supplier (individual) received as a benefit in kind which were exempt from tax at their acquisition since they met specific statutory conditions for tax exemption; or
■ business assets of the taxpayer.

Investment allowance: 

Tax exemption for income from the sale of securities that are admitted to trading on a regulated market or on a similar foreign regulated market, after 1 year from their acquisition.

This exemption does not apply to the sale of shares acquired after 31.12.2023 as employee shares or shares provided by the company to its supplier (individual) received as a benefit in kind which were exempt from tax at their acquisition since they met specific statutory conditions for tax exemption.

Government subsidies

Forms of investment aid:

• Grants for the acquisition of property and intangible assets
• Income tax and corporate income tax concessions
• Subsidies for new jobs
• Subsidies for real estate acquisition or exchange by public authorities (e.g., the State, municipalities)