The material benefit is taxable again
Starting from January 1, 2024 the tax exemption of the material benefits lapses. The following material benefits received by an individual is subject to the personal income tax:
- the difference between the price of goods or services sold between related parties and the market price;
- the interest advantage on loans granted by the employer or another company or entrepreneur;
- the difference between the purchase price of securities or derivatives and the market price.
