Changes in Tax Regulations for 2025
The government has announced significant changes to tax regulations that will come into effect in the 2025 fiscal year. These changes include adjustments to tax brackets, new deductions for small businesses, and modifications to VAT reporting requirements.
Our team of tax experts has analyzed these changes and prepared a comprehensive guide to help businesses navigate the new regulations. We've identified several opportunities for tax savings that businesses should consider implementing before the end of the year.
Key changes include:
- Reduction in corporate tax rate from 15% to 12% for small businesses with annual revenue under €500,000
- New deductions for technology investments and digital transformation initiatives
- Simplified VAT reporting procedures for businesses with quarterly turnover under €250,000
- Changes to depreciation schedules for certain asset categories