It is reported that the government intends to reduce the corporate income tax rate, and to abolish the 7% surtax on income remittances abroad (other than dividends). A tax reform bill to reduce corporate income tax rates is expected to be introduced in November 2005.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.