The Finance Law for 2013 was promulgated by the President of the Republic as Law No. 2012/014 of 21 December 2012. Details of the Law, which unless otherwise indicated apply from 1 January 2013, are summarized below.
Direct taxation
The deductions for head office expenses and remuneration for services provided by non-resident persons (including technical, financial and accounting assistance) are, in general, capped at 5% of the taxable profits for resident companies (pre…