Tax and legal news
The amendment to tax laws that we informed you about earlier was published in the Collection of Laws and will become effective from 1 July 2017. Most of the changes to value added tax will become effective at that time. A majority of the changes to income tax will not be reflected until the 2018 tax period (or the tax period beginning on 1 July 2017 or later if the tax period is a fiscal year), but there will be certain exceptions.  more...
According to a currently published opinion issued by the General Financial Directorate, the transfer of ownership of an apartment unit can be exempt from real estate acquisition tax for the first transfer of new apartment units only if the apartment unit is located in a residential building. This means it cannot be applied if the unit is located e.g. in a family house or multipurpose building.  more...


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