Paying taxes and contributions is changing, pay attention to that!

By: Trademagazin Date: 2024. 01. 12. 11:48

Due to the change in the minimum wage at the end of 2023, companies and non-taxable individual entrepreneurs will have to pay higher taxes and contributions by December, K&H points out. In order to make the relevant payments, it is therefore important to know which items are affected by the change.

The increase of the minimum wage and the guaranteed minimum wage on December 1, 2023 will first affect businesses on January 12, when paying taxes and contributions for last December.

“A thorough knowledge of the economic and regulatory environment is essential for conscious financial planning and growth. Due to the changes that took place in the last month of last year, individual and joint ventures now have to pay particular attention to making the appropriate declaration and payment by the deadline. Anyone who has not completed this properly has the opportunity to correct the declaration in the framework of a self-check. In such cases, professional information, assistance, and common thinking come in particularly handy, so that they can easily and quickly get an idea of who and how the regulation applies”