Wealth and Income Taxes
Individuals are subject to property and income taxes. Both state and municipal taxes are levied. The state tax rate is progressive (8-tier schedule; the top tax bracket is 8%). The municipal tax is levied as a surcharge on the state tax (surcharge ranging from 150% to 250%).
The provisions governing wealth and income taxes are set forth in Art. 4 et seq. of the Tax Act (state tax) and Art. 75 et seq. of the Tax Act (municipal tax).