Corporate Tax:
- The standard rate has been reduced from 21% to 20%.
- For small and medium enterprises (SMEs), a rate of 16% applies to the first €50,000 of profit.
- Taxes on corporate vehicles have been lowered to 8%, 25%, or 32%, depending on the vehicle’s cost.
Personal Income Tax (PIT):
- Tax brackets have been adjusted upward by 4.62%.
- Individuals under 35 years old are eligible for a tax relief program lasting up to 10 years, with benefits phased as 100%, 75%, 50%, and 25%.
- Performance bonuses are now exempt from PIT, up to a limit of 6% of an individual’s salary.
VAT (Value Added Tax):
- The 0% VAT rate on fertilizers and animal feed has been extended.
- VAT deductions are now permitted for bicycles, including electric models.
- A reduced VAT rate has been introduced for baby food and medical products.
Property and Local Taxes:
- Real Estate Transfer Tax (RETT) rates have been updated with a 2.3% indexation increase.
- Tax incentives for home purchases by individuals under 35 have been extended.
- Municipalities have been granted authority to acquire seized properties.