Philenews

Tax Reform in Effect: See How Much You'll Save

Published January 22, 2026, 10:42
Tax Reform in Effect: See How Much You'll Save

The new Tax Reform has come into effect, bringing immediate benefits to citizens, families, and businesses through reduced tax burdens and increased disposable income. The government describes the new system as fairer, more modern and competitive, simpler and more effective, focusing on people, the middle class, families and healthy entrepreneurship. Tax rates have been formed more proportionally, with reductions for the middle class. Specific examples of households (single-parent, large families, with mortgages, photovoltaics, electric vehicles) that benefit from the changes are provided. A digital calculation tool has also been made available for citizens to see their personal benefit.