On 20 September 2026, the Government published updated IRS (Personal Income Tax) withholding tables reflecting the interim reduction approved by the Council of Ministers. The new rates apply to monthly salaries from October 2026, with retroactive adjustments for January-September to be settled in the 2027 tax return. The article provides a detailed breakdown by income bracket, filing status, and number of dependents, enabling taxpayers to estimate net monthly gains.
Key Takeaways
- Bracket Adjustments: The bottom two brackets see rate cuts of 1.5 and 1.0 percentage points respectively; higher brackets unchanged.
- Withholding Impact: A single earner with €1,500 monthly gross income will see approximately €18 less withheld per month.
- Retroactive Settlement: Over-withheld amounts from January-September will be refunded via the annual tax return filed in spring 2027.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement