Among the main objectives of the latest revision to stock corporation law are improved corporate governance, including strengthening shareholder rights, more flexible rules on capital and modernizing annual general meetings. We list 7 selected practical changes for SMEs that will likely come into effect as of January 1, 2023.

The new stock corporation law coming into effect on January 1, 2023 will have tax consequences too. Our article gives you a brief overview of the main changes. For example, under the capital range, issuance tax and the capital contribution reserve are not settled at each stage but only at the end. The new option to denominate share capital in a foreign currency will ultimately result in consistent implementation of the authoritative principle.

There are still new things in short-time working compensation and social insurance to watch for in 2022 and that will change from January 1, 2023.