Position Statement on the Potential Introduction of Progressive Taxation of Personal Income

posted August 9, 2018

Recently, government officials announced a plausible introduction of progressive taxation on personal income, which has raised a number of concerns for the business community.  Initiated by companies’ reactions and in a coordinated effort with AmCham and MASIT we conducted a detailed research on this topic and prepared a position paper, presented below.  It is worth highlighting that our position statements refer to a taxation threshold of 1,000 еuros – information obtained from public media that has not been hitherto officially confirmed by government representatives.  It is based on this input that we find the taxation threshold to be too low and strongly suggest that this, as well as the timing of the introduction is reconsidered. Depending on how things unfold in this regard, we will revise our views accordingly and we will duly inform you.

The Position Statement on the Potential Introduction of Progressive Taxation of Personal Income can be found here.

back