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Saturday, April 27, 2024

Tax reliefs for businesses being expanded

By: J.S., STA

 The National Assembly passed amendments to the corporate income tax act which upgrade existing reliefs and add some new.

The bill was put forward by the government as part of a package designed to stimulate the post-pandemic recovery. Part of the amendments concern measures dealing with the impact of the Covid-19 pandemic and part transpose relevant EU directives. The loss of budget revenue as a result of the changes is estimated at around EUR 27 million.

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