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Old 12th Oct 2007, 17:47
  #240 (permalink)  
GreekPilot747
 
Join Date: Jan 2002
Location: Greece
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Taxreform

Hi raycosmic and others.
For those speaking french, the taxoffice has a webpage under
www.impotsdirects.public.lu
However the way I see it, the taxtable has been adjusted for inflation, resulting in lower taxes.
Couples with or without kids, will be in the same tax-category from now on.
For every child you will get a taxbonus.
This is to make the system fair, for those who have kids, and paid little or no tax. If you pay no tax because of a low income, you cannot benefit from a taxreduction for kids. So with the new system everybody will get a bonus per kid, regardless of income. If you pay no tax, the taxman will pay you money per kid.
However guys the numbers are more like annual figures, and not monthly as has been mentioned above.
Annual tax reduction per kid used to be 900€ and is now 922€.
The tax-table has also been reduced by 6%.
In my case the gain will be around 900€ annually.
A welcome break, especially if someone looks at what other countries are doing with their tax-rates.
Regards.
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