On 14 November 2013, the government proposed amendments to the Corporate Income Tax Law (Zakon o porezu na dobit). The main features are summarized below.
Receivables write-off and deductibility of expenses
Write-off of the loans granted to entrepreneurs will be recognized as a tax deductible expense by the financial institutions granting the loans, irrespective of valid evidence of failed collection of the loan through a court, under the condition that the loan compromises th…