Another Amendment to the Financial Transaction Tax Act approved by Parliament

This latest amendment to the act, about which we informed you in November and in December, brings the following key changes:

• Broadening the scope of persons who will not be taxpayers, e. g. schools,
• Extension and clarification of exemptions from the subject of the tax for attorneys and public universities,
• Introduction of the possibility for the taxpayer, when calculating the transaction tax from the recharged costs, to deduct also transaction tax paid by the person recharging these costs,
• abolition of the obligation to notify the tax collector of the special account from which selected financial transactions that are not subject to tax will be made (e. g. payment of taxes and levies).

We will keep you informed about the next steps in the legislative process.