Until January 5, farmers determine how to tax their income.

Individuals registered as agricultural producers have the right to choose the tax regime for their income from their activities for the year 2026, reports the National Revenue Agency (NRA). The right to choose is exercised by submitting a declaration under Article 29a, paragraph 4 of the Law on Taxation of Income and Profit (LTIP) by December 31 of the previous year. Since the last day of 2025 is a holiday, the deadline expires on January 5, 2026. The choice is valid for 5 consecutive tax years and it is not necessary to confirm it annually by submitting a new declaration. When taxed under the regime provided for individual traders, registered agricultural producers cannot benefit from the right to transfer the tax on the annual tax base. Newly registered agricultural producers in 2025 can choose for the same year to be taxed on the annual tax base under the regime provided for individual traders, with the choice declared in the annual tax declaration. In case they wish to ...