In line with the provisions of the bills, the budget will retain a focus on social spending, financing of regional infrastructure and timely servicing of the state debt.
In addition to that, on 3 October, the Government submitted the bill on amending taxation laws to the House of Representatives. This bill provides for indexation of tax rates taking into consideration the projected inflation; an increase in excise duties (on tobacco products and liquids for electronic smoking systems, strong liquors, gas used as motor fuel, motor oils); an increase in tax rates on dividends received by foreign organizations; the extension until 1 January 2028 of the personal income tax rate of 13% for income received under employment contracts with companies of the Hi-Tech Park.
The bill also brings the Tax Code into line with the provisions of the Code on Architectural, Urban Planning and Construction Activities, and the Law on Payment Systems and Payment Services and other legislative acts.
