The figures in the specific tax calculation formula for hotels, bars, and restaurants, scheduled to be introduced from January 1, 2017, were changed in Parliament before the final vote. In the new form, compared to the initially adopted formula, the values related to the seasonality coefficient for cities, villages, and tourist resorts were reduced, while those related to the locality rank were increased.
In this new form, the project was adopted by the Chamber of Deputies, which is the decision-making body, and is to be promulgated by the president, who can no longer return the document for a new re-examination. Thus, the new tax will be introduced, in this form, from the first day of next year.
Source: Profit
Frequently Asked Questions
When will the new specific tax for the HoReCa sector take effect?
The new specific tax is scheduled to be introduced starting January 1, 2017.
What specific changes were made to the tax calculation formula?
The seasonality coefficients for cities, villages, and resorts were reduced, while the coefficients related to the locality rank were increased.
Can the President still block this law?
No, the Chamber of Deputies is the decision-making body, and the President must now promulgate the law without further re-examination.