Income Tax

What is income tax?

The income tax is a national tax levied on income earned from January 1st to December 31st of the taxation year. If your salary is the only source of income, the tax is withheld from your monthly salary and summer and winter bonuses. At the end of the year, your employer will adjust the over and underpayment of taxes. For those receiving another source of income besides salary, you must submit a final tax return form to your municipal tax office by March 15th of every year.


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