On 27 October 2010, the Government presented before the Legislative Assembly a bill to reduce the income tax. If approved, the law would be applicable for the taxable year 2010.
The following are some of the most important features included in the bill:
Corporate income tax
|-||A tax credit calculated as 7% of the income tax due will be provided for companies that are not income tax exempt.|
|-||The net operating loss (NOL) carry-forward period will be increased from 7 years to 10 years.|
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