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For the fiscal year 2010, the corporate income tax rate will drop from 20% to 19%. The tax rate for personal income tax remains unchanged and will also be 15% for the fiscal year 2010. However, given the dire state of public finances, much debate is current about whether this flat tax rate should not be abolished in favour of a return to progressive income tax.

Rates will go up in the case of property tax; for most land and buildings, tax rates will double beginning as of the fiscal year 2010.

VAT rates will also rise - from 19% to 20% in the case of the basic rate and from 9% to 10% in the case of the reduced rate. The area of VAT will also see other important changes, primarily due to the need to implement European law, which affects, among other things, the rules for determining the place of performance in the case of cross-border services (also between individual Member States) effective as of January 1, 2010. As a consequence, service providers who deliver performance into another Member State whose beneficiary is a taxpayer and for which the place of performance is the location of the beneficiary (e.g. advisory services) must file what is known as a 'recapitulative statement' to report these services. The recapitulative statement can only be submitted electronically. Another important novelty is that claims for a refund of VAT paid in another Member State must now be filed in the country in which the taxpayer is established, no later than by September 30 of the following year.