Introduction of a minimum tax for corporations
For tax years starting after 1 January 2024, the minimum tax is introduced as it was until the end of 2017. This means that even companies that make a minimum profit or loss will have to pay the minimum tax from 2024 onwards, namely
Amount of taxable income (revenue) | Minimum tax |
less than EUR 50 000 per year | 340 euros |
more than EUR 50 000 and less than EUR 250 000 per year | 960 euros |
more than EUR 250 000 and less than EUR 500 000 per year | EUR 1 920 |
more than EUR 500 000 per year | EUR 3 840 |
For a tax period of less than 12 months, the minimum tax is calculated in an aliquot amount according to the number of months.
The company will be able to reduce its tax liability over the next three years by the minimum tax paid, as long as it has sufficient tax liability.
Change to the reduced income tax rate of 15%
For the tax period of the calendar year 2023, a legal
person and a natural person - entrepreneur pay income tax at the rate of 15%,
as long as their taxable income (revenue) does not exceed EUR 49,790 for the year.
From 2024, this threshold is increased to EUR 60,000.
Increase in dividend withholding tax
With effect from 1 January 2024, the withholding tax
on profit shares (dividends) is increased from the current 7% to 10%. The higher taxation
of profit shares will only apply to profits earned after 1 January 2024.
Profit shares for 2023 will continue to be taxed at 7%,
regardless of the year in which the profit share is paid out.
The increase in withholding tax from 7% to 10% also applies to
companies in liquidation if they have a liquidation
balance left to pay out after the liquidation is completed. The higher withholding tax on the liquidation balance will
only apply to companies entering liquidation after 1 January 2024.
Increasing the threshold for micro-taxpayer
According to the previous rules, a micro-taxpayer was
considered to be a natural or legal person who, in addition to meeting other conditions
, had taxable income (revenue) of no more than EUR 49,790 for the tax
period. Under the new rules, a micro-taxpayer will be considered to be a
person whose taxable income does not exceed €60,000 for the tax period (unless
other conditions are met). This change will only apply to the tax year
beginning on 1 January 2024 at the earliest.
Abolition of preferential taxation of cryptocurrencies
Effective January 1, 2024, the
preferential taxation of cryptocurrencies was to begin. Instead of taxation of 19% and 25%, respectively, a 7% taxation was to
start. The adopted amendment to the law abolishes this preferential
taxation and the taxation under the existing rules will continue to apply.
