Draft capital gains tax law approved: the legislation takes shape
The Council of Ministers approves the draft law in July 2025. The IBR-IRE and ITAA prepare for a wave of valuation requests.
14 July 2025 · 9 min
From political agreement to draft law
Following the coalition agreement (January 31, 2025) and the Easter Accord (April 2025), the federal government reaches a definitive political agreement in late June 2025. On July 18, 2025, the Council of Ministers approves the draft law.
The draft is forwarded to the Council of State for legal review. Parliamentary approval is expected by autumn.
The three regimes confirmed
The standard regime taxes gains at 10%, with a EUR 10,000 annual exemption. The substantial shareholding regime (≥20%) applies progressive rates from 0% to 10%. Internal capital gains remain taxed at 33%.
IBR-IRE and ITAA: central role for professionals
The IBR-IRE emphasizes that professional valuations must be performed by an independent expert. The independence requirement creates a new market for external valuation assignments.
Entry into force: January 1, 2026
The reference value is set at December 31, 2025. Taxpayers have until December 31, 2027 to have a professional valuation performed.
Practical implications
Auditors and accountants must prepare for an unprecedented volume of valuation requests. VARE automates the entire valuation process.