The following measures that have already been passed into legislation, will be implemented in January 2014:
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From 13 January 2014, the standard VAT rate will increase from 18% to 19%. The reduced rate of 8% will increase to 9%. No change in the reduced rate of 5%.
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In 2014 the scale of the special contribution on salaries and pensions has been adjusted as per below table so that the contribution applies to monthly income over and above €1.500 (instead of €2.500 as was in 2013).
|
2012 - 2013
|
2014 - 2016
|
|
Monthly salary / Pension
|
%age of contribution
|
Contribution(€)
|
Monthly salary / Pension
|
%age of contribution
|
Contribution(€)
|
|
0 – 2.500
|
0,00%
|
0
|
0 – 1.500
|
0,00%
|
0
|
|
2.501 – 3.500
|
2,50%
|
25,00
|
1.501 – 2.500
|
2,50%
|
25,00
|
|
3.501 – 4.500
|
3,00%
|
30,00
|
2.501 – 3.500
|
3,00%
|
30,00
|
|
4.501 -
|
3,50%
|
|
3.501 -
|
3,50%
|
|
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From 1 January 2014, the rate of social insurance contributions of employees and employers increases by 1%, to 7,8%. The rate of the contributions for self-employed persons increases by 2% to 14,6%.
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From 1 January 2014 the consumption tax on transport fuel increased by €0,05 per litre.
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