- Thread Author
- #1
Government Announces Major Tax Relief Package for 2026, Aims to Stimulate SMEs
pre-New Year's address, the Minister of Finance unveiled the "Economic Spring" package, a sweeping set of tax reforms set to take effect January 1, 2026. The centerpiece is a reduction of the profit tax for small and medium-sized enterprises (SMEs) from 10% to 7% for annual revenues under €50,000. Additionally, the VAT registration threshold will be raised from Denar 2 million to Denar 3 million in annual turnover, exempting thousands of micro- businesses. "This is not just relief; it is an investment in the backbone of our economy—the entrepreneurs," stated the Minister. The package also includes accelerated depreciation schedules for green technology investments
pre-New Year's address, the Minister of Finance unveiled the "Economic Spring" package, a sweeping set of tax reforms set to take effect January 1, 2026. The centerpiece is a reduction of the profit tax for small and medium-sized enterprises (SMEs) from 10% to 7% for annual revenues under €50,000. Additionally, the VAT registration threshold will be raised from Denar 2 million to Denar 3 million in annual turnover, exempting thousands of micro- businesses. "This is not just relief; it is an investment in the backbone of our economy—the entrepreneurs," stated the Minister. The package also includes accelerated depreciation schedules for green technology investments