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Read more about the tag: Personnel Income Tax (PIT)

No more adjustment of tax-deductible costs in case of default in payment

Date13 Jan 2016
The Act amending the Tax Act of 5 August 2015 and some other acts repeals Article 15b CIT Act and Article 24d PIT Act with effect from 1 January 2016. This will mean that the regulation governing the responsibility to...
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Amendments to the Act on Personal Income Tax (PIT): 70% tax on compensation

Date22 Dec 2015
From 1st January, 2016, certain type’s severance pay and compensation connected to non-complete clauses will be subject to tax. Compensation of 70% PIT Tax will be subject to, amongst others, compensation awarded on the basis of regulations concerning non-complete clauses...
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