PROFIT TAX

The Law on Profit Tax defines the tax rates on business results:

For the business year 2024, the corporate income tax rate will be progressive on the amount of taxable profit:

 1) up to EUR 100,000.00 9%;

 2) from EUR 100,000.01 to EUR 1,500,000.00: EUR 9,000.00 + 12% on the amount over EUR 100,000.01

 3) over 1,500,000.01 euros: 177,000.00 euros + 15% on the amount over 1,500,000.01 euros

The tax relief that remains in effect is that for a newly established legal entity operating in economically underdeveloped municipalities, the calculated profit tax for the first eight years is reduced by 100%.

The total amount of the eight-year tax exemption cannot exceed EUR 200,000.00.

The income tax application (PD application) is submitted electronically, after submitting the financial statements: Balance sheet, profit and loss account and Statistical Annex.

The deadline for submitting the income tax return is March 31 for the previous year.