The decrease in withholding taxes is allowing many taxpayers to have more money available in their monthly salary. However, the Finance Ministry warns that this increase in liquidity does not necessarily equate to a reduction in income tax.
The final tax will only be assessed in 2027, when taxpayers submit their income tax return for 2026. Until then, the difference between what was withheld and what is actually owed to the State is not yet final.
Depending on each household's situation, a lower withholding throughout 2026 may have different consequences at the time of assessment: some taxpayers may receive a smaller refund than expected, while others may even have to pay an additional amount of income tax.
