Tax breaks coming in 2020

Salaried workers, pensioners and self-employed professionals will see significant reductions in their tax bills in 2020, according to a draft law that reduces the lowest income tax bracket to 9 percent from 22 percent for incomes up 10,000 euros, maintains the income tax-free ceiling at 8,636 euros per year and offers deductions for families with children.

The bill, which is part of the government's much-touted pledge to ease the pressure on households and businesses, will also include provisions on construction and reductions in tax rates on business profits.

The draft law is expected to be completed by the end of next week and submitted to Parliament by mid-October.
Overall, wage earners and pensioners will see an increase in their monthly earnings as of January as their monthly tax is reduced, while freelancers will see it when they clear their tax returns in...