Budget for 2014 – details

On 4 November 2013, the Minister of Finance presented the Budget for 2014, which was approved by the parliament. The tax amendments will apply from 1 January 2014. The Budget includes, inter alia, the following tax measures.

Direct taxation

(a) Corporate taxation

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-	Employers will be able to deduct costs connected to placements or apprenticeships, up to EUR 600 per placement and up to EUR 1,200 per apprentice.