The draft Budget for 2017 has been submitted to the parliament (Committee of Economic Affairs) on 3rd October 2016. Now, it is available on the official website of the Finance Ministry. The following main things are enclosed with the Budget:
- Income Tax Code reformation
- Changes to the Special Solidarity Contribution
- An increase in VAT rate from 23% to 24% and it already applies from mid-2016
- Amendment to vehicles taxation
- Income tax imposition on business cars
- Excise duties reformation on energy products
- Tax reformation on investment vehicles
- Amendments to lottery tax
- An increase rate of excise duty in case of beer
- An increase on cigars tax and tobacco tax
- Taxation of coffee products and
- Exemption of tax in accordance with new investment law.
