After the implementation of Law 4334/16.07.2015, par. 7 of article 1, the rates for the imposition of Solidarity Levy on yearly income exceeding the amount of € 30.000,00 have increased.
The new rates to be retroactively effected as of 01.01.2015, but shall be implemented from 16.07.2015 and onwards, are set as follows:
| Amounts € |
previous rate |
new rate |
| from 12.001,00 to 20.000,00 | 0,70% | 0,70% |
| from 20.001,00 to 30.000,00 | 1,40% | 1,40% |
| from 30.001,00 to 50.000,00 | 1,40% | 2,00% |
| from 50.001,00 to 100.000,00 | 2,10% | 4,00% |
| from 100.001,00 to 500.000,00 | 2,80% | 6,00% |
| from 500.001,00 to ∞ | 2,80% | 8,00% |
The tax calculation shall not include a retroactive withholding of solidarity levy as of 01.01.2015, but shall implement the new rates from the salary calculation of the month July 2015 and onwards.
The final tax calculation shall be effective with the submission of the yearly income tax return of the tax year 2015.
NOTE: This article does not cover advisory, but only informational purposes, and cannot serve, as a basis for further actions, on the part of the reader. Reception of specialized advice is required.
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