The Administrative Ruling number 20175/2015, of March 16, was published, establishing the list of municipalities and the respective municipal surcharge applicable to the year of 2014 to be collected in 2015.

The referred ruling also provides that:

• Taxpayers whose turnover in the previous fiscal period exceed €150,000.00 are subject to the standard surcharge rate, which may not exceed 1,50% on the taxable profit subject to and not exempt from corporate income tax (IRC).;
• Taxpayers whose turnover in the previous fiscal period does not exceed € 150,000.00, but is higher than the provided for in the Exemption Scope, are subject to the reduced surcharge rate to be determined by each municipality;
• Are exempt from the municipal surcharge taxpayers whose turnover in the previous year does not exceed the amount provided for in the "Exemption Scope" camp to be determined by each municipality.

The text of the Administrative Ruling is available on the following link: Administrative Ruling no 20175/2015