This article reflects the tax rules and official information available at the date of publication. For current advice, please check the latest legislation or contact our team.
Order of the Minister of Finance no. 1157/2021 introduced rules on the criteria and procedures under which cooperative members and agricultural cooperatives may benefit from tax exemptions.
Profit tax exemption
- Agricultural cooperatives producing and selling genetic material, or carrying out breeding and reproduction activities, may benefit from a five-year profit tax exemption regardless of revenue level.
- Other agricultural cooperatives may benefit from the profit tax exemption for five years if their net turnover does not exceed EUR 10,000,000.
Local tax exemption
Cooperative members who sell their production through the agricultural cooperative may benefit from exemption from local tax on buildings and land used for the production sold through the cooperative.
Notification obligation
Cooperatives intending to apply the profit tax exemption must submit a formal notification. For existing cooperatives, the deadline mentioned in the article was 31 March of the year in which the exemption is applied. Newly established cooperatives had a 90-day deadline from registration with the Trade Register for the first year.