[Live Talk TDU] Tax Wedge Reform. New rates and reform of the tax deduction system.

With the publication of the Budget Law in conjunction with Decree 230/2021 on single and universal child allowance, the tax wedge reform comes into full swing. Specifically, Budget Law 2022 provides for the remodulation of tax brackets on personal income and rates, the Changing the extent and method of calculating deductions of labor for employment income, as well as the discipline of the supplementary treatment of income. Concomitantly, an end point is put in place regarding theUniversal Single Cheque which will replace similar treatments and child deductions from March 1, 2022.