The income tax - rules and exceptions

... nevertheless there are several provisions regarded as exceptions, either in the meaning of a higher tax, or of a tax exemption for a certain period of time (besides the permanent exemptions).
A. The exception referring to applying a higher tax than 16% is possible in the cases of tax payers who perform activities such as night clubs, night bars, discos, casinos or sports bets, classified according to the legal provisions in force (including legal persons deriving such incomes based on an association contract). In the case of performing such type of activities, if the payable income tax is lower than 5%, taxpayers are compelled to pay the income tax as the rounded amount of 5% of their income.

People gaining profit from the above mentioned activities must organize and manage the accounting, in order to be constantly informed of the corresponding income and expenses. In order to determine the corresponding profit, both the management and administration expenses, as well as the taxpayer’s other common expenses are taken into consideration, proportionally to the income gained form such activities. […]

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