2026 Tax Update Highlights

Law No. 297 -VIIQD of 9 December 2025 introduces a statutory cooperative compliance regime, extends mandatory electronic submission channe ls, incentivizes cashless -transactions, and reforms depreciation, excise, highway and mining taxes, and special regimes. Most measures take effect 1 January 2026.

Profits Tax

The amendments update depreciation rules by establishing statutory straight -line depreciation periods for each asset category, revising declining - balance rules, and regulating the conditions for changing depreciation methods. Major repair and improvement costs that exceed the statutory 'current repair' thresholds must be capitalized and added to the tax base of fixed assets. A 40 percent limit on deductible depreciation appl ies to specified assets financed through state investment mechanisms.