The Budget Bill was submitted to the lower house of the parliament on 12 October 2016.

The most important fiscal measures are summarized below:

-Tax incentives will be introduced for investments in entities established for the financing of small and medium-sized enterprises (SMEs) and companies carrying out research and development (R&D) activities. The incentives will be in line with the EU rules on State aid;

-Tax incentives for financing SMEs and companies involved in R&D;

-Harmonization of the income tax and social security tax base;

-First steps will be taken to realize a harmonization of the income tax base and social security tax base;

-Voluntary tax compliance;

-Voluntary tax compliance will be furthered by digitalizing tax collection procedures;

-Anti-Tax Avoidance Directive; and

-Measures to implement the EU Anti-Tax Avoidance Directive (2016/1164) will be taken in 2017.