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23 March 2016

New benefits and tax measures for Individuals in 2017

Main changes were announced in February 2016.

For Individuals, the objective is to reinforce the household purchasing power. Main measures proposed areAbolishment of the 0.5% temporary budget balancing tax

  • Abolishment of the 0.5% temporary budget balancing tax

  • Increase of the marginal income tax rate of 41% for income of €150,000 per year and 42% for annual income of €200,004

  • Introduction of the individual taxation for married spouses

  • Increase of tax credits

  • Increase of the final withholding tax rate on certain interests to 20%

 

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