On 6 June 2013, the parliament adopted amendments to the Corporate Income Tax Law (the Law). The amendments generally entered into force on 5 July 2013, subject to transitional provisions. The following amendments were, inter alia, made to the Law.
Investment credit
The definition of the long-term investment credit was clarified. Moreover, the conditions for claiming the credit were amended. In particular, a condition was added that in order to qualify for the incentive, investme…