Individual income tax law amended

On 27 September 2013, the parliament adopted the amendments to the Individual Income Tax Law (the Law). Subsequent to the earlier report and following the decision of the Constitutional Court, the provisions regarding taxation of dividends and profit shares have been amended.
The Law provides that if a decision on payout of dividends and shares in profit was made before the Law entered into force and such dividends and shares in profit are not paid out by that date, the legislation in force at t…