STI
Claiming full expenditure refund
Expenditure may be fully refunded, provided the following conditions are met:
- The expenditure does not exceed EUR 2,000. The EUR 2,000 includes not only expenditure on building completion and/or repair works, but also expenditure on car repairs and childcare services;
- The total deductible expenditure does not exceed 25% of the taxable income, taxed at income tax rates of 15%, 20%, 27%, and 32%.
Example 1: A resident received EUR 36,000 (EUR 3,000 per month) of employment-linked income in 2019, taxed at a 20% income tax rate. During 2019, the resident spent EUR 1,500 on his/her apartment renovation works.
In this case, expenditure on apartment renovation services amounts to no more than 25% of the overall taxable income of the resident (EUR 36,000 x 25% = EUR 9,000), and the expenditure (EUR 1,500) does not exceed the maximum amount of EUR 9,000. Therefore, the resident is able to claim full tax relief for the apartment renovation services, and recover EUR 300 (1,500 x 20%).
Example 2: A resident received EUR 4,560 (EUR 380 per month) of employment-linked income in 2019, taxed at a 20% income tax rate. During 2019, the resident spent EUR 600 on his/her apartment renovation works.
In this case, expenditure on apartment renovation services cannot be refunded, as the resident is not eligible for tax relief due to not having generated any income on which income tax could be withheld.
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