Taxation

Corporate income tax 20%
Tax relief 20–40% of the amount invested in R & D
Tax relief on employment of certain workers
Up to 30% of the amount invested in equipment and intangible long-term assets
Capital gains tax 0–20% (depending on a holding period)
VAT (Value added tax) 8.5% - reduced rate; 20% - standard rate
Social security contributions 16.1% paid by employer; 22.1% paid by employee
Personal income tax progressive tax rates: 16%, 27% and 41%