Tax Benefits

CIT

Tax incentive for wage increase

The reference rate for meeting the two requirements for increasing annual base remuneration is reduced from 4.7% to 4.6%.

PIT and Social Security

Productivity and performance bonuses, profit-sharing and year‑end gratuities, paid voluntarily and not on a regular basis

It is proposed to extend the benefit relating to productivity and performance bonuses, profit‑sharing and year‑end gratuities, paid voluntarily and not of a regular nature.

This benefit provides for an exemption from PIT and an exclusion from Social Security contributions, up to a limit of 6% of annual base remuneration, on amounts paid in 2026 to employees or members of statutory bodies by way of productivity or performance bonuses, profit‑sharing and year‑end gratuities, provided they are paid voluntarily and not on a regular basis.

This exemption only applies if the employer, in 2026, has implemented a pay rise eligible for the purposes of the wage valorisation tax incentive.

Where applicable, express reference to compliance with these conditions must be included in the annual income statement to be delivered to the employee by the employer.

The withholding tax rate to be applied to these amounts is that corresponding to the monthly employment income for the month in which the payment is made or made available

Extension 

The following tax benefits provided for in the Tax Benefits Statute (EBF) are extended until 31 December 2026:

• deductions for social impact bond partnerships (art. 19);

• external loans and rentals under leases of imported equipment (art. 28);

• financial services of public entities (art. 29);

• swaps and loans from non-resident financial institutions (art. 30);

• deposits of non-resident credit institutions (art. 31);

• repo operations with non-resident financial institutions (art. 32-C);

• managing entities of designations of origin and geographical indications (art. 52);

• managing entities of integrated management systems for specific waste streams (art. 53); 

• sports, cultural and recreational clubs (art. 54);

• associations and confederations (art. 55);

• tax incentives for forestry activity (art. 59-D);

• forest management entities and forest management units (art. 59-G);

• deduction for the purposes of determining companies’ taxable profit (art. 62);

• deductions from personal income tax liability (art. 63);

• value added tax – gratuitous supplies of goods and services (art. 64).