On 1 January 2014, the amendments to the Income Tax Law (the Law), which were presented on 12 June 2012 and were initially intended to enter into force on 1 January 2013, entered into force. In addition, on 5 December 2013, the parliament adopted the following amendments to the Law.

Pensions allowance

The annual pension allowance is increased from EUR 2,304 to EUR 2,520. The allowance is a…

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