The Corporate, Individual and Non-residents Income Tax Bill, as approved by the government, have been submitted to the parliament for discussion. The amendments are expected to be approved in 2006 and enter into force as from 1 January 2007. The most significant changes in the Bill are summarized below. All amounts are in euro.
Corporate income tax
(a) Tax credits. Most tax credits (except those for domestic and international double taxation) would be gradually reduced until they are eliminated…