Tax and legal news

An extensive amendment to the Value Added Tax Act came into effect at the start of January 2025. The main new changes are described below.

Limited exemptions for the sale of securities and shares Exemption of income from crypto-assets Increased tax deduction of donations is effective until 2026 Depreciation of photovoltaic power plants

No new Accounting Act for 2025 has been approved.

The excise tax rates on cigarettes and selected tobacco products have been raised by 5 per cent as of 1 January 2025.

On 1 January 2025, new changes came into effect regarding interest payments and penalties.