The statutory tax rate for corporate entities in this jurisdiction is consistently set at 10%. Nevertheless, specific provisions govern various tax rates for distinct types of companies and taxable income scenarios. As of January 1, 2019, insurance companies are subject to a standard tax rate of 10% applied to their net income after permissible deductions. Previously, insurance companies were taxed at a rate of 5% based on accrued gross premiums. This tax is payable quarterly.
For taxpayers with a gross annual income of up to EUR 30,000 (previously EUR 50,000, prior to January 1, 2019), the standard corporate income tax does not apply. Instead, they are obliged to make quarterly tax payments based on their gross receipts. The following rates are applicable for such taxpayers:
- 3% of gross income from trade, transport, agricultural, or similar activities, subject to a minimum payment of EUR 37.50.
- 9% of gross income from services, professional, vocational, entertainment, or similar activities, subject to a minimum payment of EUR 37.50.
- 10% of gross rental income.
- Regarding capital gains, they are taxed as ordinary income at a rate of 10%.
Notably, there is no minimum tax requirement, providing a level of flexibility for taxpayers in meeting their tax obligations.
