The final form of the so-called consolidation package changes indirect taxes, led by VAT, comprehensively reorganizes income taxes, including discounts and exemptions, and also deals with property and gambling taxes.

A full and detailed overview of the changes, with explanations and commentary from PwC's tax advisors, can be found in this document:

OVERVIEW OF CHANGES: 2024 CONSOLIDATION PACKAGE

For the changes contained in the consolidation package to take effect in January 2024, they must be approved as a whole by the Senate and then by the President.

Author: PwC