Tax Alert

Tax Alert

Legislative changes


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As per legislative changes adopted this summer, companies qualifying as micro- or small-size enterprises will continue to be exempt from the innovation contribution. Nevertheless, as from 1 January 2019, whether SMEs qualify for innovation contribution purposes or not will not be based solely upon the financials of the individual company, but also through consideration of the financial figures of so-called partner and related companies (as defined by the law) as well, and the resultant aggregated figures should be compared to the respective thresholds for qualifying as an SME.

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