On 21 March 2013, the government announced its tax plans for 2014-2017 (the Plan). Details of the measures which are planned to become effective from 1 January 2014, unless otherwise mentioned, are summarized below.
Corporate taxation
| - | The corporate income tax rate is reduced to 20% (currently, 24.5%). | |
| - | In general, the focus is shifted from taxing corporate profits to dist… |