Overview of key provisions of the new Tax code

In brief

In this issue, we update you about key amendments of the 2018 tax legislation in relation to corporate income tax (CIT), value added tax (VAT), excise tax and tax administration. The changes are wideranging and, consequently, most businesses will be impacted. Implementation of some changes will be a challenge.

This alert is not an exhaustive analysis of all provisions of the new Tax Code i.e. those different from the prior version of the Tax Code, in effect until 31 December 2017.

If not stated otherwise, changes are effective from 1 January 2018.