On the web site of the Ministry of Finance (MF), a draft of an Act amending and supplementing the Tax and Insurance Procedure Code (Amendment and Supplement Act of TIPC), as well as a draft of the Regulation on Amendment and Supplement of the Regulation on the application of the Excise Duties and Tax Warehouse Act and the grounds for them have been published for public discussion.
The draft of the ASA of TIPC has been prepared in execution of Decision No 338 of the Council of Ministers from 2017 on the adoption of measures to reduce the administrative burden on citizens and businesses by removing the requirement for provision of certain official documents on hard copy. The proposed changes aim to reduce the number of required documents, simplify the procedure for providing services to citizens and businesses, and reduce the financial burden on individuals by eliminating the need to provide various documents.
The draft of the ASA of TIPC provides that legal persons that have not exercised any business activity during the tax year and are exempted from submitting an annual activity report shall be exempted from filing an annual tax return under the Corporate Income Tax Act and from announcing the annual financial statements in the Commercial Register.
In order to reduce the administrative burden for the business, the draft for amendment and supplement of the Regulation on the Excise Duties and Tax Warehouse Act includes two measures directly influencing the administrative procedures for issuing the permit for trade with tobacco products by the customs authorities.
The proposals for amendments, published for public discussion, are available on the website of the Ministry of Finance.
