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.