The tax reform adopted in summer of this year from 2019 will bring many innovations and changes. Changes not only in employee and employer taxes, PIT. As a result of this reform, it will be necessary to rewrite all employment contracts, adapt accounting systems and re-learn to apply a new wage accounting to everyone.
The four most important changes brought by the reform are as follows:
- progressive personal income tax is introduced;
- social security contributions by the employer will be merged with those by the employee, while the tax burden will be transferred to the employee;
- rates of social security contributions have been recalculated;
- a ceiling is introduced on social security contributions.
Please find detailed information report attached.