Several amendments to the income tax are introduced by Law 822 published in the Official Gazette of 17 December 2012 and in force as of 1 January 2013.
The corporate income tax rate and the individual income tax rate on business and service income is 30%. As from 2016, and for 5 years, this rate is scheduled to be reduced in 1 percentage point per year.
Taxpayers whose gross annual income is equal or less than NIO 12 million are subject to income tax ac…