Draft Amendments

As a result of the planned public funding reform, the Ministry of Finance presented five amendments to the following tax legislation: the Income Tax Act, the Reserve Act, the Value Added Tax Act, the Real Estate Tax Act and the Inheritance, Donation and Real Estate Transfer Tax Act. In addition, the Registration Cash Registers Act is another act to be amended. The drafting procedure is underway. All drafts are currently subject to external review procedure. This means that their texts may change substantially before the drafts are to be submitted to the Chamber of Deputies and the Senate for approval. We will keep you updated on all major changes that occur during the approval process.