On 12 October 2012, a Draft Decree concerning the restriction of interest deductibility for participations ("restriction") was presented to Parliament. The most important aspects of the Decree, which is expected to be effective from 1 January 2013, are summarized below.
(a) Definition of reorganization
The restriction will not apply to reorganizations, which article 2 of the Decree defines as the situation where:
| - | the assets owned by a group company change due… |