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Legal Developments Alert!

Ready for 2023? Because Tax Code is!

New legislative adjustments brought forth by GEO 16/2022 go into effect on January 1st, 2023. Among the most significant modifications revealed are: – Dividend tax increases to 8% – The threshold for micro of EUR 500,000 applies starting with 2023 – 19% VAT rate certain category of drinks – 9% VAT rate for hotel services, restaurant and catering services.

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