State Budget 2024

Rental income on residential property, depending on the duration of the contract, can be taxed at between 5% and 25%, with the rate never exceeding 25%.

Subsistence allowances have seen an increase in the tax exclusion limit, in national territory for other workers (62.75€) and in territory for EOMs (161.07€) and for other workers (148.91).

The IAS rose by 6.0%, from 480.43€ to 509.26€ (28.83€ more).

With the amendment to Article 9(11) of the VAT Code, from 1 January 2024, tutors who provide business and professional services to entities that hire them to give lessons on school or higher education subjects will be exempt.