New tax law changes planned to be introduced

Given the fact that the values of the budget deficit and public debt given by the thresholds of 3% of deficit to GDP and 60% of debt to GDP exceed the limits determined by the European Commission, the Government adopted a National program of reforms in April 2014.

Given the fact that the values of the budget deficit and public debt given by the thresholds of 3% of deficit to GDP and 60% of debt to GDP exceed the limits determined by the European Commission, the Government adopted a National program of reforms in April 2014. The goal is to enforce increased reforms directly motivated by solving the mentioned problem.

Therefore, thre Government has prepared a Draft proposal of changes of major tax laws including VAT, Corporate Income Tax and Personal Income Tax.

Please find the changes in our news below.