On 14 September 2012, the Minister of Finance and Economic Affairs presented a bill to the parliament proposing changes to various laws to strengthen tax compliance and improve legal security (the Bill). The main features of the Bill, which will generally apply when approved by the parliament, are summarized below.
|-||Brokerage and trust firms, and firms acting as intermediaries in securities transactions are included in the list of entities obliged to collect withholding tax on payments made to residents and non-residents and remit it to the tax authorities.|
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