The amendment tax law regarding Micro-Enterprise has entered into force on January 1, 2016. Under the amendments, with effect from 1 January 2017, Micro-enterprise whose annual turnover-
- EUR 0 – 7,000 the rate is 5%;
- EUR 7,000.01 – 100,000, 5% (for the first 3 years of business with micro-enterprise status) and 8% (from the fourth year of business with micro-enterprise status)
- EUR 100,000.01 and above: 20%.
From 1 January 2017, micro-enterprise tax will not include social security contributions. In addition, from that date, the Law limits the areas of business to which the micro-enterprise tax regime may be applied.
