For example, new pensioners now have to pay €430 in income tax per year on a monthly gross pension of €1500, compared with €79 in 2010. Until then, a tax-free allowance of 50 percent of the pension was permitted. The tax becomes due when the total income of a pensioner exceeds the basic annual tax-free allowance (€9168 or €764 per month). The average monthly pension in 2018 was €1219. In 2015, a total of €34.65 billion in income tax was paid to the state by taxpayers with pension income.

Source: The Local November 20, 2019 14:03 UTC