INCREASE IN THE AMOUNT OF TRANSPORTATION EXPENSES EXEMPT FROM IRS

INCREASE IN THE AMOUNT OF TRANSPORTATION EXPENSES EXEMPT FROM IRS

With effect from July 17, 2023, Order HFP/792/2023 of July 12 has increased the amount exempted from personal income tax for transportation expenses paid by companies to their employees. Until last July 16, the exempt amount was €0.19/kilometer, increasing now to €0.26/kilometer.

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