San Marino has published Law No. 194 of 22 December 2023 on the Budget for 2024 and the Multiannual Budget for 2024/2026. The main tax measures include:

• The extension of certain step-up (revaluation) measures, including that:
  • qualifying enterprises may elect to step up the value of certain business assets held on 31 December 2023, by paying a substitute tax varying between 3% and 5%, dependin…