CHANGES TO CORPORATE TAX INTRODUCED BY ACT 48/2015, OF 29 OCTOBER

I. Calculation of the reduction of income resulting from specific intangible assets -

From 1. July 2016, the tax incentive from the reduction of income from certain intangible assets will be calculated as follows (Art. 23. 1, 2 and 3 LIS):

• Direct expenses related to the creation of the asset, excluding those (derived from sub-contracting with associated third parties per 30%)
• Divided into: direct costs directly related to the creation of the asset
• Per 60%

Financial expenses, repayments and non-related expeses will not be taken under consideration.

The above mentioned REDUCTION will be deducted from the financial base.

 

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