Draft consolidation package

Thanks to the package, the deficit of public finances should reach 4.7 percent of the gross domestic product next year. Although the specific wording of the proposals has not yet been published, the government approved them with comments.

Proposed measures

Value added tax

• an increase in the base rate from 20% to 23%,
• change of rate for food to 5% and 19%,
• change in the goods category, which belongs to the reduced VAT rate.

Income tax for companies and natural person - entrepreneur

• corporate income tax will be reduced from 15% to 10% for taxpayers whose taxable income does not exceed EUR 100,000,
• personal income tax will be applied at a rate of 15% per 100,000 euros,
• corporate income tax will increase from 21% to 22% for taxpayers whose taxable income exceeds 5 million euros

Tax on financial transactions

• the tax is valid from 04/01/2025 on transactions of legal entities and natural person - entrepreneurs,
• bank transfers, cash withdrawals in the bank or from an ATM, use of company payment cards, purchases of securities, loan interest payments, commissions and fees should be subject to this tax,
• the obligation to establish a business account,
• tax relief for Social Insurance and the public sector,

Tax bonus

• from 2025, 100 euros for children under 15 and 50 euros for older children,

Taxation of high-income groups

• the introduction of a special levy for refineries,
• an increase in the special levy for energy companies and mobile operators,

Transportation

• increase in the prices of motorway stamps,
• toll increase for trucks,
• increase in motor vehicle tax for the personal vehicles of entrepreneurs,

Parental pension

• children can give 2% to non-profit organizations and another 2% to father´s pension and another 2% to mother´s pension.