Key points: A review of tax installments is required from the regional tax directorate when the calculated installment does not match the actual course of the year. Preliminary installments….Read More

Key points: Expenses are recognized only when they are actually incurred for profit-making purposes, are in the business's interest, and are documented. Non-deductible expenses….Read More

Key points: In February 2024, the Tax Authority sent personalized letters to taxpayers with professional services, as part of a change that taxed them at 15% (change….Read More

SECTION B – EXTRACTIVE INDUSTRIES Mining and quarrying include the extraction of minerals that occur in a natural state as solid (coal and minerals), liquid...Read More

Key points: A foreign entity is considered controlled when the individual, alone or together with related persons, holds more than 50% of the rights. Undistributed profit….Read More