The Minimum Tax is a separate and distinct tax from the Tax on Income. This tax is subject to the self-assessment regime taxpayer, except for Qualified Investment Projects. The Minimum Tax is imposed at the rate of 1% of the annual turnover inclusive of all taxes except for VAT and is payable at the the time of the annual liquidation of the tax on income. The minimum tax may be reduced by the annual tax on income that is actually paid.
