As of 1 July 2017, the living wage is going up

The amount of the living wage, that had not changed over the last 4 years due to low inflation, increased from 198.09 EUR to 199.48 EUR as of 1 July 2017. In practice, it means that social benefits will be moderately increasing and tax burden will decrease as of 2018. In 2018, the nontaxable part of a base per a tax-payer will be 3,830.02 EUR and the nontaxable part of a base per a spouse will also be 3,830.02 EUR, while the limit for the obligatory filing of a tax return has gone up to the amount of 1,915.01 EUR. The monthly rate of a tax bonus has gone up to 21.56 EUR from the previous amount of 21.41 EUR. The minimum limit of a premature retirement pension will increase to 239.40 EUR. As of 2018, the child allowance will be 23.68 EUR and the parental contribution will go up to 214.70 EUR.