The Ministry of Finance has recently published a draft bill aiming to amend to the personal income tax (PIT) and corporate income tax (CIT) laws as of 1 January 2019 (the "2019 Tax Bill"). The proposed changes are of a very comprehensive nature and, according to the explanatory memorandum, are aimed at (i) "simplification" and (ii) "tightening up" of the tax system. The most important changes are presented in the attached document.
Explore More Insight
View All