The Plenary Session voted unanimously with 35 votes in favor, two legislation extending the periods during which tax breaks are provided to businesses.
By amending the Law on Value Added Tax, the period of facilitation of companies that faced objective difficulties for the timely submission of their tax returns and the payment of the due VAT due to the conditions created by the pandemic is extended.
Specifically, the imposition of additional VAT and interest is suspended for certain categories of economic activity subject to taxable persons, for the tax periods that have expired on 31 March 2021, 30 April 2021 and 31 May 2021, provided that the taxable person has tax return for these periods within the specified period and pay the amount of VAT due by October 10, 2021, November 10, 2021 and December 10, 2021 respectively. & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp;
< At the same time, an amendment to the Income Tax Law was passed, in order to extend the provisions of the provisions which provide for deductible expenses for investing in an innovative small and medium enterprise until June 30, 2024.
