Finance Bill for 2008 adopted by Council of Ministers – measures for companies

The Council of Ministers adopted the Finance Bill for 2008 on 26 September 2007. The tax proposals in respect of companies, which unless otherwise indicated will apply from 1 January 2008, are summarized below.

Tax credit for research and development

In order to encourage investments in research and development (R&D) activities, the tax credit for R&D expenditure would be modified as follows:

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