The Ministry of Finance and Economy has issued Instruction no. 26, dated 08.09.2023 “On Income Tax” (the “Instruction”) which provides for clarifications on implementation of the provisions outlined in Law no. 29/2023 dated 30.03.2023 “On Income Tax”.
The Instruction was published in the Official Gazette on 20.09.2023 and shall be effective starting from 1 January 2024, same as the Law no. 29/2023 dated 30.03.2023 “On Income Tax”.
The new legislation provides for several changes compared to the existing one that must be taken into account by businesses and individuals while planning for their activities in the year 2024.
Comments are closed.