New flat fee imposed on businesses and the self-employed. Not deductible from taxable profit

The Ministry of Finance (MoF) will levy an annual flat fee on all types of business activities, including companies and the self-employed.

The fee is imposed on the headquarters and the branches of both stock corporations and partnerships. The MoF's decision defines the 'branch' as a location where the taxpayer carries out their activities or receives their clients.

The fee is not deductible from profit subjected to income tax.

According to the MoF decision, the fee will st...

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