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Main changes in declaring the income of year 2018

The main changes concerning the declaration of income of year 2018 in comparison with 2017 can be found in the table below.

  Income tax return for 2017 Income tax return for 2018
The basic exemption for the year 2160 euros

Basic exemption 6000 euros.

In the income range of 14 400 to 25 200 euros, the basic exemption decreases to zero.

Increased basic exemption in the event of... pension 2832 euros

The general basic exemption applies.

compensation for accident at work 768 euros

Amount of the basic exemption

Set amount

The amount of the basic exemption depends on the person’s annual income (including dividends; external income, not taxed; any amount taxed under the Simplified Business Income Taxation Act, reduced by the portion of the social tax).

Submission of spouses’ joint income tax return

A natural person may submit an individual tax return, and there is no joint tax return for spouses.

The basic exemption of a spouse who has earned an income less than 2160 euros may be deducted by his/her spouse.

No change compared to 2017.

Transfer of a housing loan interest or training cost amount to the spouse

Any portion exceeding taxable income or the housing loan interest or training cost limit (if the proprietary relationship between the spouses is jointness of property) or the amount of the basic exemption for children, or any portion thereof, may be transferred to the spouse.

No change compared to 2017.
Housing loan interest limit 300 euros No change compared to 2017.
Amount of the increased basic exemption upon children It is possible to declare the data of the spouse's children, in case the spouse himself/herself or the child’s other parent does not declare the child's data.

Any unused portion of the increased basic exemption upon children may be transferred to the spouse.

Some other person may also declare the children for whom he/she provides maintenance if no other entitled person (child allowance recipient) declares the children.

Bank deposit interest

Exempt from tax

Subject to income tax

 

20.11.2018