Jan 10 24

Tax Alert #2/2024 – Amendment to the Special Defence Contribution rate applied on interest income

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Amendment to the Special Defence Contribution rate applied on interest income On 20 December 2023, an amending law was published regarding the Special Defence Contribution Law, which determines that the rate of the Special Defence Contribution imposed on interest received by residents in the Republic is reduced from 30% to 17%....

Jan 10 24

Tax Alert #1/2024 – Changes in social insurance contribution rates

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Changes in social insurance contribution rates and the maximum earnings threshold on which social insurance contributions are paid (from 01/01/2024) As of 01/01/2024, the social insurance contributions rates change as follows: For employees: 8.8% contribution by the employee and 8.8% contribution by the employer. For self-employed persons: 16...