This article completes what we wrote last week.

The package of budget bills for 2022 includes a bill of proposals for amending the Personal Income Tax (PIT) Act. This article takes a brief look at what we see as key changes.
 

As the vacation season is approaching, so is the implementation of the controversial minimum income subject to mandatory national social insurance (“NSI”) contributions, which might affect many companies from 1 July 2021. On 24 May, however, the Parliamentary Presidium presented proposals for amending the NSI Act to a committee, urging a deferral of the effective date of the earlier amendments. This article describes the basic principles for applying the minimum NSI income and offers practical examples in case the bill is not approved and the new rules come into force from 1 July.