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Tax License for Legal Persons

With effect as of 1 January 2014 a new tax license for legal persons has been introduced.

The tax license is a minimum tax to be paid by taxpayers that declared tax losses in their tax returns as well as by taxpayers whose tax liability for the relevant tax period is lower than the relevant sum of the tax license as stated below.

The tax license is to be paid by:

  1. a taxpayer that is not a VAT payer as at the last day of the tax period, with the annual turnover not exceeding EUR 500 thousand, in the amount of EUR 480;
  2. a taxpayer that is a VAT payer as at the last day of the tax period, with the annual turnover not exceeding EUR 500 thousand, in the amount of EUR 960;
  3. a taxpayer whose annual turnover exceeded EUR 500 thousand within the tax period, in the amount of EUR 2,880.

The tax license is payable for the relevant tax period within the deadline for filing tax returns.

The tax license shall for the first time apply to the tax period beginning no earlier than on 1 January 2014 (or later). A taxpayer to be wound up with liquidation or declared bankrupt in the course of the calendar year 2014 shall not pay the tax license for the tax period terminating on the day that precedes the day of their entering into liquidation or of bankruptcy declaration.