The additional 2.5 million euros will cover IT expenses incurred by the tax administration in managing a compensatory tax deduction meant to soften the blow of a reduction in child benefit allowances.
Government’s 2015 budget will introduce an eight-percent cut to child benefit allowances in order to save 100 million euros.
However following an outcry over the possible impact of the measure on low income and underprivileged groups the administration agreed on a child tax deduction to offset the pain of the benefit cut.
Tax administration officials say that dealing with the tax break will require modifications to 17 different types of software.
Vero said it hopes to collect sufficient data to pre-calculate the tax deduction for individual tax cards and for final tax declarations.