28 April, 2023 | News, Tax, Tax Alert

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TAX ALERT 7 | Changes to withholding tax tables – Mainland – 2nd half of 2023

The Order No. 4930/2023, of the SEAF, which approves changes to the IRS withholding tax tables, applicable to income from dependent work and pensions earned by mainland residents, to be in force in the second half of 2023, reducing by one percentage point the maximum marginal rate of the bracket applicable to holders with 3 or more dependents.

This Order will take effect from July 1, 2023.

[This document is for information purposes only and does not dispense with the analysis of the legislation and assessment of its applicability to each specific situation. Therefore, we are not responsible for any decision made based on this information.]