On 25 November 2021, the Ministry of Finance (MoF) submitted Bill No. 25126-8 to Parliament. The law provides for a corporate tax rate of 0% for cultural institutions established by municipalities. If accepted, the 0% rate will apply from January 2022.
The aim of the tax break is to support the development of cultural and leisure facilities, similar to the corporate tax rate of 0% that is already applicable to theaters, museums and libraries.
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