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Once the annual salary is fixed at the end of the year, the “year-end adjustment” is carried out by your employer. This is the procedure that settles the year’s taxes by determining the excess or the shortfall from the amount of tax that was collected from your salary during the year, in order to refund or collect the difference accordingly. The year-end tax adjustment is important because if your employer settles your tax amount through this procedure, you will not need to file an income tax return on your own.

We have created a multilingual leaflet about the year-end tax adjustment based on information provided by the National Tax Agency, so please check it out for more information.