Some of the major new measures, which will be put in place for the coming years and which will need to be further detailed, include:
- increasing the competitiveness of companies: the employers’ social security contribution on wages will gradually be reduced from 33% to 25% and fiscal incentives will be offered to Small and Medium Enterprises (SMEs).
- increasing purchasing power of employees: the 30% tax scale will be abolished and the net wages of persons with a low income will increase with 100 EUR per month.
This will be paid with the following taxes:
- increase of the VAT on electricity from 6 to 21% and increase of taxes on fuel, tobacco and alcohol.
- taxes on non-labour incomes: ‘speculation tax’ for shares which are sold within 6 months after their purchase; increased taxes on savings from 25% to 27% and a ‘Cayman Tax’ on foreign bank accounts.