Flat-Rate Levy

This is a tax created by the 2018 Finance Act that applies to income from savings and capital, excluding real estate. Its purpose is to simplify and reduce the taxation of savings. The overall PFU rate is 31,4%, including 12,8% for income tax and 18,6% for social security contributions. It is a flat rate, as it does not take into account your tax bracket or your reference taxable income.