Tax Policy
An effective tax policy, in line with the EU framework, is vital to the sustainable and long-term growth. Through its Tax Committee initiatives, SEV contributes actively to EU and national tax consultations, promotes tax policy proposals, and addresses horizontal and sector-specific tax issues.
- While acknowledging several important improvements introduced during the past years, the formation of a competitive tax framework that encourages business prospects and leads to the growth of public revenue remains a key goal. Issues regarding personal income taxation, corporate income taxation, consumer taxes, the level of several indirect taxes on production and social security contributions, etc. need to be addressed through a holistic approach aimed at encouraging private investments, promoting a competitive tax environment, and creating new jobs on a level playing field.
- Investment promotion through specialized investment tax incentives, in line with international practices are crucial for increasing added value and production capabilities is the crux of the matter.
- We work towards a tax system that ensures the growth of investment and good quality jobs, and the introduction of tax incentives which promote investments like super and accelerated depreciations, R&D incentives, talent retention incentives, SME scale-up incentives, loss carry forward for at least 10 years, group taxation etc.
- Audit procedures’ simplification and widening the use of the “tax certificate”.
Tax Committee. Join the Committee to contribute to policy recommendations regarding tax administration, corporate taxation, tax audits, personal income taxation.
- Be connected by participating in workshops, round tables, panel discussions and networking events.
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- Be involved in decision making and consultations. Send your comments, views and ideas and help us promote growth, create new jobs and international competitiveness.
