Tax Policy
The establishment of an effective and growth-friendly tax policy is vital for sustainable, long-term growth and bridging the investment gap. SEV actively participates in national and European consultations, advances tax policy proposals and addresses recommendations to the competent authorities for the resolution of specialised tax issues.
- Shaping a competitive tax system: The aim is to encourage business and investment prospects, increase the share of private investment in growth, promote the creation of quality and well-paid jobs and ensure a level playing field.
- Promoting specialised tax incentives: The adoption of international best practices can make a major contribution to increasing the country’s added value and productive capacity.
- Creating investment-oriented tax incentives, such as super-deductions, incentives for SME development, extending the carry-forward period for accumulated losses against future profits to at least ten years, group taxation, etc.
- Simplifying tax procedures with the aim of reducing administrative burdens.
- Highlighting the need to clarify ambiguous tax provisions with the aim of enhancing tax compliance.
- Adopting international best practices to simplify audit procedures.
- Investments & Taxation Committee: The committee contributes to shaping proposed tax interventions to create a competitive tax environment, such as developing attractive tax and investment incentives, eliminating bureaucracy, and simplifying investment licensing and tax procedures.
