Publications

On 1 October 2018 the amendments to the Accounting Act concerning the form in which financial statements and management reports are to be drawn up, signed and published come into force.

On 27 August 2018, a report was published on the Government Legislative Centre’s portal from the public consultations of the bill amending the Personal Income Tax Act, Corporate Income Tax Act and certain other statutes, in which the Ministry of Finance responded to the remarks made during the consultations.

Changes to CIT – Innovation Box. A draft amendment to inter alia the income tax statutes (i.e. personal income tax and corporate income tax) was published on 24 August.   One of the many proposed changes involves introduction of the so-called 'Innovation box’, i.e. a model of preferential taxation on R&D activities.

A draft law amending the National Revenue Administration Act (hereinafter: the KAS Act) and several other statutes has been published on the website of the Government Legislation Centre providing for, inter alia, changes in the rules for filing amended tax returns.