Taxation and Insurance Matters

Corporate Tax

Corporate tax is a type of tax that is equivalent to the income tax imposed on individual entrepreneurs. Corporate tax base is the profit made from a business during a business year.

Filing of corporate tax: a company should file corporate tax returns to the tax office within 3 months of the last day of the month in which the last day of the business year.

Value Added Tax

Value added tax is levied on the added value created by a company in each step of the production, supply or distribution process for goods or services.

Mandatory Insurance