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the corporate income tax rate would be reduced from 29.6% to 25.5%. In addition, the rate for small and medium-sized companies would be reduced to 20% for profits up to EUR 25,000 and 23.5% for profits between EUR 25,000 and 60,000; currently, the rate is 25.5% for profits up to EUR 22,689; and |
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| - | the dividend withholding tax would be reduced from 25% to 15… |
OrbitaxOn 24 May 2006, the Council of Ministers approved the Bill, "Work on Profit". The Bill provides for the following rate reductions as from 2007:
