As a part of the second reading in the Chamber of Deputies, a modifying proposal to the amendment to the Income Tax Act was approved. Among other things, it adopts a value limit for the tax exemption of the employee’s income for some benefits. These are mainly benefits for sports, education, culture, and use of medical facility services.

Up to now, these benefits were fully exempted on the part of the employee, whereas they will now be exempted only up to an annual limit of half the average salary for the given year. Some employers are likely to revise the existing benefits system and adjust it in light of the adopted changes.

We continue to monitor the development in the field of legislation for you. We will inform you about current developments in due course.