The taxpayer is a natural person - entrepreneur, a legal entity, a branch office of a foreign person who is also a client of a payment service provider (bank).

Any payment account of a taxpayer that is a legal entity or a branch office of a foreign person. In the case of a taxpayer who is a natural person - entrepreneur, it is the payment account on which such taxpayer carries out financial transactions related to the performance of the taxpayer’s business activity, i.e., the business account of a natural person.

If you have not needed a business account as an entrepreneur, you will need to open one. This obligation must be fulfilled by 31 March 2025.

TIP: Open a business account with rewards in our bank. You can choose a simple Business START, a dynamic Business OPEN or a Business TOP account for a demanding client.

Read more about our business accounts HERE. (This offer applies to sole traders and small businesses.)

• A financial transaction in which an amount of funds is debited from a taxpayer's business account;
• The use of a payment card issued to a business account for the purpose of carrying out a financial transaction;
• a recharged expense relating to the execution of a financial transaction that relates to the taxpayer's domestic activity.

For non-cash transactions: 0.4% of the amount debited from the account, up to a maximum of EUR 40 per transaction.

For cash withdrawals: 0.8% of the amount debited from the account, with no upper limit.

For each payment (debit/credit) card used: EUR 2 per year.

The first tax year is April 2025.

At the end of April in 2025, but no later than 31 July 2025.

In this case, you must calculate and pay the tax yourself. 

Currently, transactions that are not subject to the financial transaction tax include:

• Payment of taxes, levies, contributions which are revenue of the state budget, contributions to the Social Insurance Agency and contributions to health insurance;
• Transactions made between accounts of the taxpayer which are held with the same bank;
• On the account of the city, municipality and higher territorial unit, budgetary and contributory organisation;
• Transactions made by payment card, excluding cash withdrawals;
• Transactions on the accounts of flat owners.

No transaction tax will be applied to debit transactions from a business account to a private account, as long as they are conducted in one bank.

No, as long as these accounts are kept in the same bank, no tax is applied for transfers within one client's accounts.