The large package of tax amendments we reported on earlier is adopted.
The package proposes the following key measures:
Compared to its initial version, the final law was substantially amended and now incorporates the following key provisions:
Our review has been updated to reflect the adopted amendments.
The package proposes the following key measures:
- to increase the VAT rate;
- to reduce IT tax incentives;
- to increase social security contribution rates for small and medium-sized enterprises (SMEs);
- to lower the income threshold for taxpayers under the simplified tax system (STS) to become VAT payers etc.
Compared to its initial version, the final law was substantially amended and now incorporates the following key provisions:
- a new exemption test for profits of active CFC holding and sub-holding companies;
- a new criterion for classifying transactions as controlled;
- introduction of a technology levy;
- the renewal of measures previously introduced following the suspension of double tax treaties etc.
Our review has been updated to reflect the adopted amendments.