Parliamentary discussions and amendments to Bill "Work on Profit"

The Minister of Finance issued on 18 August 2006 an extensive explanatory report regarding the parliamentary discussions concerning the Bill "Work on Profit". Some of the discussed subjects were implemented in two amending memoranda dated 23 August 2006 and 6 September 2006. The legislative process of the Bill is scheduled to be completed before the next parliamentary elections on 22 November 2006; if approved by the parliament as scheduled, all measures will apply as from 1 Jan…