The amount of the 2021 income tax for 2020 is calculated on the basis of brackets corresponding to tax rates (from 0% to 45%).
For a share of family quotient:
- Until €10,084: tax rate of 0%
- From €10,085 to €25,710 : tax rate of 11%
- From €25,711 to €73,516 : tax rate of 30%
- From €73,517 to €158,122 : tax rate of 41%
- More than €158,122 : tax rate of 45%
Example of a single person:
A single person (1 share) whose annual net taxable income is €30,000, the calculation of his tax shall be as follows:
- Until €10,084 (tranche 1): 0%
- From €10,085 to €25,710 (tranche 2): €1,718.75
- From €25,711 to €30,000 (tranche 3): €1,286.70
Total tax amount: €3,005.45, or 10.01% taxable income.