Amendments to Corporate Income Tax Law proposed

On 6 March 2012, the government proposed amendments to the Corporate Income Tax Law. The key elements of the proposed amendments are listed below.
Tax rate
The government proposed to lower the corporate tax rate to 18% in 2012 (currently 20%) and to further decrease the rate in 2013 to 17% and in 2014 to 16%.
Tax incentives
The governm…
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