A new list of low-tax jurisdiction countries introduced by Government Decision No. 1318 of 31 December 2008 has become available. The new list applies from 1 January 2009.
According to the new Tax Code, which entered into force from 1 January 2009, a country is recognized as a low-tax jurisdiction if the income tax rate in that country is no more than 10% or the country has a law on confidentiality of financial information or laws under which information about…