What annual tax-exempt amount of income (ATEAI) is applied in 2019?

When the annual income does not exceed 12 minimum monthly salaries (MMS), i.e. does not exceed EUR 6,660 (EUR 555 x 12 months), then the annual TEAI is EUR 3,600.

When the annual income exceeds EUR 6,660, the applicable TEAI is calculated according to the formula:

ATEAI = 3,600 – 0.15 x (annual income of the resident (AIR) – EUR 6,660)

If the annual taxable income is EUR 30,660 or higher, then the TEAI does not apply because, after the TEAI was calculated according to the formula, it is equal to zero (a negative amount is also considered zero).