Tax Code amendments – Corporate taxation

On 23 January 2013, the Official Gazette No. 54 published Ordinance No. 8 that amends the Tax Code. The amendments will enter into force on 1 February 2013. The most important measures regarding corporate taxation are summarized below.

An anti-avoidance rule is added, according to which the provisions of a tax treaty are not applicable if they are used solely for obtaining tax benefits. Current substance-over-form provisions in the Tax Code entitle tax authorities to look…