Amendments to Bill No. T/12801 on reducing administrative burdens and harmonizing legislation in certain tax laws
- The Personal Income Tax Act would be amended in several areas — for example, the rules on tax equalization for crypto transactions, the declarations related to the tax allowance for parents with multiple children, and the tax treatment of covering the costs of teacher training would all change.
- According to the bill, the exemption from paying the advertising tax would only be extended by half a year.
- As for the company car tax, the rules adopted at the end of last year would take effect, and there would be minor adjustments to the regulation of vehicle tax.
- The Small Business Tax Act (KIVA, Act CXLVII of 2012) would also change regarding the rules for tax base-increasing and -reducing items linked to the reported value of cash holdings and their changes.
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