Tax Newsletter 2016/22 - Further tax packages

Prior to the forthcoming holidays, the last two tax packages submitted at the beginning of December were officially published. Although the extent of the modifications is not particularly significant, the importance of the new provisions should not be underestimated.

Thanks to the recently introduced regulations, the previously announced reductions of the corporate income tax and the social contribution were ensured as of 2017. However, we can also find surprising elements among the new provisions. These are the dilution of certain conditions of the corporate income tax allowances, the reduction of the small business’ tax rate (which has not been particularly high so far either), or the newly announced tax amnesty regulations.

In our last newsletter this year, we are summarizing the main points of the amendments in a nutshell.