By: P.T., STA
The Finance Committee approved amendments to the personal income tax act that would raise the general tax relief and thus take-home pay for everyone, as well as reduce capital gains tax.
Opposition MPs expressed concern over the impact on fiscal sustainability but Finance Minister Andrej Šircelj argued it would be offset by rising tax revenue on the back of an economic rebound. If passed at the plenary session later this month, the changes will come into effect on 1 January 2022. The Chamber of Commerce and Industry says economic growth would increase by 0.5-0.75 percentage points as a result.