Page 2 - Mazars Central and Eastern European tax guide 2023

Contents Welcome to the CEE tax guide 2023

3 Introduction 32 Latvia

4 Tax review 2023 / 34 Lithuania

An overview of taxation
system within CEE 36 Moldova
Welcome to Mazars’ eleventh edition of the annual To provide a better understanding, we not only present
Central and Eastern European tax guide, a comprehensive the relevant tax and contribution rates but also furnish
5 Countries included 38 Montenegro resource created with the scope of helping you navigate practical examples for various salary levels and family
in the publication the complex and ever-evolving landscape of tax statuses. Additionally, we delve into crucial aspects such
as the rates and special features of value-added tax,
regulations in the region. In an era of rapid globalisation
40 North Macedonia and interconnected economies, understanding the as well as the corporate income tax system. To simplify the
6 Albania intricacies of tax systems is paramount for individuals and analysis, a separate table is included, summarising and
comparing significant characteristics of corporate income
businesses alike.
42 Poland This publication has witnessed a gradual and consistent tax (CIT). This includes provisions for tax allowances
8 Austria growth in the number of participating countries. Ten related to research and development activities, regulations
concerning the carry-forward of losses, group taxation
44 Romania years ago, the tax guide provided data for 15 countries, options, limitations on interest deductions, and more.
but the 2023 edition has significantly expanded its
10 Bosnia and Herzegovina coverage to include 25 jurisdictions. This progress reflects Furthermore, we provide a quick overview of the key
elements of each country's transfer pricing regulations,
46 Serbia Mazars’ commitment to providing detailed information ensuring readers grasp the essential features of these
and important insights for a wider range of countries
12 Bulgaria and regions. regulations for informed decision-making.
48 Slovakia With a focus on taxation systems effective at the end To make successful strategic business decisions,
it is crucial to engage in further discussions and conduct
14 Croatia of January 2023, this release ensures that you have the detailed analyses. Recognising the importance of this
most recent and relevant information at your fingertips.
50 Slovenia In the first section, the tax systems of the CEE region process, we have taken the initiative to provide you
with the direct contact information for our dedicated
16 Czech Republic are presented country-by-country, offering in-depth offices and experts. We encourage you to take advantage
insights and analysis, which was made possible through
52 Ukraine collaboration with the relevant Mazars offices, ensuring of this resource and reach out to the relevant individuals
to address questions or seek any clarifications you may
18 Estonia accurate and up-to-date data. At the end of the report, have. Our team is readily available to offer their expertise
you will find a valuable resource that enhances your ability
54 Uzbekistan to analyse and make informed decisions - the inclusion and support, ensuring that you have access to the
necessary guidance as you navigate the complexities
20 Germany of summary tables. These tables serve as a powerful of your business endeavors. Feel free to connect
tool, enabling you to conduct effortless side-by-side
56 Labour-related tax burdens comparisons of the relevant tax environments across with us and embark on productive discussions that
will aid you in making the best decisions for your
22 Greece in the CEE region different jurisdictions. organisation's success.
The main objective of this publication is to facilitate We hope that this issue proves to be an invaluable resource
comparisons among the fundamental factors influencing
24 Hungary 57 Minimum wages and average competitiveness within CEE. These factors mainly for you. Your success is our ultimate goal, and we are
honoured to play a part in your journey.
wages in 2023 cover the scale of taxes and employment contributions.
26 Kazakhstan
60 Corporate income tax key Edwin Warmerdam

28 Kosovo features Partner, Head of Tax
Mazars in Romania
30 Kyrgyzstan 64 Contacts

2 Mazars Central and Eastern European tax guide 2023 Central and Eastern European tax guide 2023 Mazars 3