On 16 July 2013, the Official Gazette published Law No 49/2013, of 16 July 2013, which introduces an Extraordinary Tax Credit, with effect from 17 July 2013.

The Extraordinary Tax Credit aims at promoting economic growth through the granting of a special tax credit calculated as a fraction of the investments incurred between 1 July 2013 and 31 December 2013. The credit is of 20% of the inves…

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