In 2015 there have been many significant tax developments in a rather wide range of taxes. These include:
- Introduction of a public register containing information on the total amount of tax paid by companies in the previous year and the average number of employees working for the company.
- Introduction of responsibility for the members of the board. The State Revenue Service will have the right to request members of the board of a company to pay outstanding tax payments. This will be possible if it is established that due to poor management of the company it has failed to comply with the requirements set out in the laws and regulations concerning tax payments.
Personal income tax
- The flat rate on personal income and income from a self-employed individual's commercial activities has decreased from 1 January 2015 to 23%.
- There have also been changes in the way the income of members of the board of companies is taxed. According to the new regulation companies have to pay personal income tax for the members of the board of at least the minimum wage.
- Changes have been made regarding the calculation of capital gains tax in respect of real estate.
- Interest income, income comparable to interest income and income related to interest income from public financial instruments is exempt from tax.
Enterprise Income Tax
- Income from alienation of stock and dividends (except if the company whose stock has been alienated or the payer of the dividends is a resident of a low-tax and tax-free country or territory) is not taxed. The same applies to income received from alienation of public securities of the European Union or European Economic Area.
- Exemption from property tax for a period of 12 months after the date of property becoming operational if the property has been built or reconstructed for business purposes has been removed from 1 January 2015.
- Special VAT calculation and payment regimes have been introduced on services related to electronic communication, broadcasting and electronically provided services to private individuals and legal entities that are not VAT payers.