• Personal Income Tax – 20%
• Annual basic exemption (non-taxable amount) per year – 6000 euros, per month – 500 euros. If the income is larger than 14,400 euros, the amount of the basic exemption shall be calculated pursuant to the following formula: 6000 – 6000 / 10,800 × (amount of income – 14,400). If total amount of all income is 25 200 EUR in a year or more, there is no right to basic exemption
• Social Tax – 33%. A minimum obligation is 165 EUR monthly
• Corporate Income Tax – 20/80
Corporate Income tax on dividends 20/80. A lower tax rate 14/86 applies to 1/3 of distributed profits on which a income tax is paid. The natural person receiving dividends taxed at a lower rate (14/86) has to pay withholding income tax at a rate of 7% in addition.
• Value Added Tax – 20%, 9%, 0%
• Unemployment insurance premiums: withholding of the amount of a gross salary of an employee 1,6% and for employers 0,8% of the amount of gross salaries monthly
• Funded pension payment – 2% of the gross salary of a resident employee
