The proposals contained in the Budget Bill for 2007 have been approved by the parliament, subject to certain minor changes, and enacted as the Budget for 2007 by Law 53-A/06, published in the Official Gazette of 29 December 2006.
The Government, likely inspired by the current UK and US tax disclosure provisions, is authorized to introduce a new disclosure regime designed to counter aggressive tax planning arrangements considered to be abusive.
T…