On 27 December 2006, the Finance Bill for 2007 was finally approved and converted into Law No. 296 of 27 December 2006 (the Law). The Law was published in the Official Gazette No. 299 dated 27 December 2006. The main topics on corporate taxation are summarized below. Generally, the Law is effective from 1 January 2007.
Corporate income tax - IRES
(a) Non-operating company. After the amendments already introduced in July 2006 as part of Law Decree 223 o…