1 February 2014
According to recent amendments included in the "Fiscal-budgetary strategy for 2014-2016" document, which is available on the Ministry of Finance website, the following main tax amendments are considered by the government:
|-||introduction of progressive taxation of salary income at the tax rates of 8%, 12% and 16%;|
|-||reduction of the social security contribution by 5% with effect from July 2014;|
|-||exemption of capital gains derived by holding companies;|
|-||draft of a strategy for taxation of oil and gas in 2015-2024;|
|-||making the tax year different from the calendar year;|
|-||amendment of the tax treatment of sponsorship expenses;|
|-||enforcement, with effect from 1 January 2015, of the provisions of article 5 of Council Directive 2008/8/EC of 12 February 2008 amending EU VAT Directive (2006/112) as regards the place of supply of services; and|
|-||reduction of the standard VAT rate in the next 4 years.|
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