Gov't agreed on increasing amounts of tax bonus and child allowance

Gov't agreed on increasing amounts of tax bonus and child allowance

The amount of the tax bonus is expected to be increased to ensure a higher net disposable income in households with children where at least one parent works. At the same time, the group of taxpayers claiming the tax bonus is to be expanded. This stems from the draft law on financing children’s leisure time prepared by the Finance Ministry and approved by the Government on Wednesday. Apart from this, the child allowance is set to increase to €30 a month from July this year and to €50 per month from January 2023. The Cabinet also suggests that Parliament should discuss the measures in a fast-tracked legislative procedure.

Source: TASR

Zuzana Botiková, Photo: TASR

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