On 11 September 2026, the Ministry of Finance disbursed the fifth installment of 2026 compensation payments to cooperatives for lost local tax revenue. This compensation scheme, managed through the Subsidies and Compensations portal, offsets revenue reductions suffered by cooperatives due to exemptions or bonifications in local taxes (e.g., Economic Activities Tax) mandated by higher-level regulations.
Key Takeaways
- Targeted Relief: Payments are calculated based on certified revenue loss reports submitted by local entities.
- Periodic Schedule: The fifth payment corresponds to the second half of the fiscal year; prior installments were distributed quarterly.
- Budgetary Impact: The compensations are charged to the State Budget’s transfer to local entities, ensuring budgetary neutrality for municipalities.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement