The plenary session of the House unanimously approved the bill, which entitles a person to be considered a tax resident of the Republic, provided that he meets certain conditions.
According to the explanatory report submitted to the House of Representatives, the law amends the Income Tax Law so that a person who does not remain in any other state for one or more periods totalling more than one hundred and eighty-three (183) days within the same tax year and who is not a tax resident in any other State for the same tax year, be considered a resident of the Republic, provided that all conditions below are met.
In particular, he must remain in the Republic for sixty (60) days in the tax year.
- To carry out any business in the Republic and / or are employed in the Republic and / or holds an office to a person resident in the Republic at any time during the tax year.
- To maintain a permanent residence in the Republic owned or rented out.
Furthermore, according to the proposed regulations, a person who satisfies all the aforementioned conditions is not considered a resident of the Republic in the fiscal year, if in that year the exercise of any business and / or his / her employment in the Republic and / or his / Holding an office to a tax resident of the Republic.
The proposed regulation motivates a person who is not a tax resident in any other state for the same tax year to transfer his tax base to the Republic and to be taxed only for the activities carried out therein.