Newsletter – Substantial fiscal changes to GO 16December 13, 2022

📌 Although the law that should approve GO 16 / 2022 was challenged in the Constitutional Court, the Ministry of Finance states that it will come up with an ordinance that will fully take over the amendments made in Parliament to GO 16. We expect these changes to take effect from 1 January 2023.
📌 Among the important changes brought by GO 16 in the Parliament are the postponement of the increase in property taxation until 2025 and changes to the regime of micro-enterprises (the reduced ceiling of 500,000 euros is to be applied depending on the income during the year 2023).
📌 Another change excludes tax consulting from the restriction that micro get less than 20% of consulting and management.
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