In the Official Gazette of 31 May 2013, the Bill of 24 April 2013 on various amendments to the corporate income tax, individual income tax, net wealth tax and expenditure tax was published. The most important measures, which apply from the tax year 2013, are summarized below.
Corporate income tax
(a) Loss compensation
The unlimited losses carry forward is restricted to 70% of the taxable profit of a given year.
(b) Contributions to foundations
Contributions to found…