Executive overview
50% Tax Deduction for Listing Costs
A new Finance Minister Order clarifies which expenses qualify for the additional 50% tax deduction available to companies that list their shares on the stock market.
Legislative Updates
50% Tax Deduction for Listing Costs
What is changing
The Finance Minister has signed a new order clarifying which expenses qualify for the additional 50% tax deduction available to companies that list their shares on the stock market. The incentive covers a broad range of listing and post-listing costs, including legal and advisory services, investor relations, stock exchange fees, financial audits and central depository services. The deduction will apply to eligible expenses incurred from the company’s decision to list, but no earlier than 1 January 2026.
Why this matters
Companies planning an IPO or stock market listing can benefit from an additional 50% tax deduction on eligible listing costs. Businesses will need to separately identify and document eligible expenses to claim the tax incentive.
Updated Tax Record Register
What is changing
The second order of the Finance Minister signed last week introduces an updated version of the Fiscal Record Register for corporate income taxpayers. The new template standardizes how companies must document the calculation of their taxable profit and corporate income tax, replacing the previous model in force since 2005. Businesses may keep the register in either paper or electronic format, provided it follows the new structure and can clearly support the tax figures reported.
Why this matters
Corporate income taxpayers who were not using the Electronic Fiscal Record Register will need to update their tax and accounting procedures to comply with the new register format. The register must allow tax authorities to easily trace and verify the calculations supporting the company’s corporate income tax position.
Business Consultation Platform
What is changing
The Ministry of Economy has established a new Strategic Dialogue Platform for a Competitive and Resilient Economy. The platform will bring together businesses, employers’ associations, chambers of commerce, SME organisations, clusters and foreign investors to provide input on economic, industrial, digital and business-related policies. Interested organizations will need to apply and meet specific eligibility criteria to become members, with selection based on experience and sector representation.
Why this matters
Eligible companies and business organizations can apply to participate in the Government’s new consultation platform and contribute to future economic policies. Businesses interested in joining will need to meet the eligibility criteria and submit supporting documentation during the upcoming selection process.
