The SRS reminds: the special tax on capital asset transactions must be paid by October 23. Otherwise — sanctions. The second piece of news: the amount of tax that can be refunded from salaries will decrease, but more can be refunded for justified expenses.
The special tax that must be paid is the capital gains tax. Everyone whose total income from capital asset transactions in the third quarter of this year (that is, from July to September) exceeded 1000 euros must submit a capital gains income declaration by October 15, 2025, inclusive. The calculated tax amount should be paid into the Unified Tax Account by October 23, 2025. It is recommended to submit the capital gains income declaration electronically via EDS.
Capital assets include shares, equity interests, investment units, contributions to partnerships, investment certificates, and other transferable securities confirming participation in investment funds or similar collective investment enterprises; debt instruments (bills, certificates of deposit, short-term debt securities issued by commercial companies) and other monetary instruments traded in the money market, real estate, including rights to acquire real estate, an enterprise as understood by the commercial activity law, intellectual property objects, investment gold and other precious metals, objects of transactions on currency or commodity exchanges, as well as virtual currency.
All capital gains are currently taxed at a rate of 25.5%, and the gain itself is defined as the difference between the sale price of the capital asset and its acquisition cost, as well as the total amount of investments made in this asset during the period of ownership.
The second important piece of news will likely disappoint many. Due to the tax reform (under which a single non-taxable minimum now applies), the tax refund from salaries will decrease.
This is because previously, employers often withheld income tax with a larger margin than required due to the complex calculation of the "floating" differentiated non-taxable minimum, which the new system has eliminated. Now there is one minimum for everyone, and employers will be able to calculate the withheld tax more accurately, thus reducing the cases of overpayment.
However, for justified expenses (education, courses, clubs, medical services, etc.), it will be possible to get back a little more than before. Not 20%, but 25.5%. However, there is a limit — up to 600 euros per year. If your expenses exceed 600 euros, the remainder will not be lost. It can be carried over to the following years.
The maximum refund amount that a taxpayer can receive from 600 euros is 153 euros. Previously it was 120 euros. But it should be noted that you have the right to submit a declaration not only for yourself but also for family members — spouse, children, parents, and grandchildren.
There is also one more important point. The new tax rates apply only to salaries and justified expenses from the beginning of this year. When submitting declarations next year — for 2024 or 2023 — the State Revenue Service will calculate possible overpayments according to the old rules.
