Court Decision on 16% crisis tax
Recently the Court in The Hague issued their decision in a court cases against the 16% crisis tax. This 16% tax is due by companies for their employee and is calculated on the part of employment income exceeding Euro 150,000. According to the Court, the crisis tax is not in conflict with the law nor any other international treaty and the government has not acted beyond its competence by introducing this measure with retroactive effect. The Court, therefore, ruled in favor of the authorities.