5% profit tax, how long does the benefit for agrotourism last? - Plan/ Review of norms, measure their effectiveness
The government will analyze the effects of exemptions and reduced tax rates related to direct taxes.
Currently, based on the new income tax law, there are some sectors that benefit from tax exemptions or reductions.
Specifically, for legal entities registered before May 17, 2023 (before the entry into force of Law 29/2023), which exercise economic activity for the production or development of software, the tax on profit at the rate of 5% will be applied until 31 December 2025.
For the entities that develop economic activity according to law no. 38/2012, "For agricultural cooperation societies", the rate of income tax at the rate of 5% will be applied until December 31, 2029.
For persons who develop hospitality activities certified as "agritourism", according to the legislation in force in the field of tourism, the 5% income tax rate will be applied until December 31, 2029.
Also, for entities that exercise economic activity in the automotive industry, the 5% income tax rate will be applied until December 31, 2029. For self-employed individuals, commercial individuals and entities with a turnover of up to 14 million ALL, the rate of income tax is 0% and will be applied until December 31, 2029.
Exempted from profit tax are the accommodation structures "Hotel/resort with four and five stars, special status", and which are holders of a registered and internationally recognized trademark "brand name"; Legal entities that only carry out activities of a religious, humanitarian, charitable, scientific or educational nature, whose property or profit is not used for the benefit of the organizers, as well as licensed and subsidized cinematographic production houses.
Poll
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