Short overview:
Obligatory minimum tax for legal entities since 1.1.2024
From January 1, 2024, a minimum tax is introduced into the law, mandatory for every company, regardless of whether it made a profit or a loss. The amount of the minimum tax is not flat-rate, and depends on the amount of turnover:
- Up to EUR 50 000 EUR is minimum tax EUR 340
- Up to EUR 250 000 EUR is minimum tax EUR 960
- Up to EUR 500 000 EUR is minimum tax EUR 1 920
- Over EUR 500 000 EUR is minimum tax EUR 3 840
A few next informations:
- The minimum tax is halved for taxpayers who employ persons with disabilities in the number of 20% of the total average number of employees.
- The paid minimum tax can be considered as a tax advance and deducted from the tax in the next, maximum three years.
- Minimum tax is not paid by taxpayer, who submit the tax return for the first time
- The minimum tax is not paid for the taxpayer in liquidation.
Financial Transaction Tax
- Tax base for Transaction Tax is funds withdrawn from the taxpayer’s account.
- Tax rate si 0,4 %, maximum tax is EUR 40 for one transaction (it means, value of transaction is EUR 10 000)
- Tax rate for withdrawn money in cash is 0,8% with no maximum limit
Transaction tax will not be paid from the following bank payment:
- Payment of taxes and social security contributions
- Payment by card
- Payment operation carried out between the taxpayer s accounts in the same bank
- First taxable period will be April 2025
- The law contains many unclear articles, and will be amended.