Wednesday 22 February 2012

Tax Brackets

These are the tax brackets for 2012 income including local tax.
€ 0 up to € 8350 = 25% + 1.75 local (7% on 25%) = 26.75%
€ 8351 up to € 11890 = 30% + 2.1 local (7% on 30%) = 32.1%
€ 11891 up to € 19810 = 40% + 2.8 local (7% on 40%) = 42.8%
€ 19811 up to € 36300 = 45% + 3.15 local (7% on 45%) = 48.15% € 36301 and above = 50% + 3.5 local (7% on 50%) = 53.5%

The local tax is for expatriates that is why it is a steady 7%.

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