Tax changes included in the new omnibus bill
The omnibus bill that was submitted in Parliament and which is expected to be voted in on Friday or Saturday includes a number of tax reforms and changes.
The tax on diesel for farmers will increase from 66 euros to 200 euros per 1,000 liters. This tax hike will come into effect retroactively as of the 1st of October 2015. As of the 1st of October 2016 though, the reduced tax on diesel will be abolished.
Until recently breweries only paid 50% of the special consumption tax on beer, if their annual production was under 200,000 hectoliters. The omnibus bill reduces the production to 15,000 hectoliters.
An asset criterion has also been introduced to the ‘100 installment’ tax settlement. For debts under 5,000 euros, the interest rate will remain null only if the debtor meets certain income criteria and has assets under 150,000 euros. Should that not be the case, debtors will face a 5% interest rate.
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