On 28 November 2007, the National Council approved at third reading comprehensive amendments in the area of corporate taxation. To become law, the bill must be signed by the president.
Substantial changes made to the original draft bill concern (i) application of the thin capitalization rules from 1 January 2009, (ii) introduction of transfer pricing documentation requirements, (iii) creation of bad debt provisions, and (iv) date of effectiveness of the amendme…