The Council of Ministers adopted the Finance Bill for 2007 on 27 September 2006. The tax proposals in respect of companies, which unless otherwise indicated will apply from 1 January 2007, are summarized below.
Expenses related to acquisition of substantial participation
From 1 January 2007, a 95% exemption on capital gains derived from the sale of a participation of more than 5% (the participation exemption) will apply. Currently, acquisition expenses may, on opt…