The great part of the regulations of the CIT Act amendment signed by the President is beneficial for entrepreneurs. One of the most important modifications is the postponement until 1 January 2024 of the entry into force of the provisions on minimum income tax. The provisions on the documentation obligation for the so-called indirect paradise transactions, will also change.
There are several provisions of particular importance to entrepreneurs among the many modifications introduced by the amended Act of 7 October 2022 modifying the Corporate Income Tax Act and certain other acts:
Learn more: Entry into force of the holding law
The Act of 7 October 2022 amending the Corporate Income Tax Act and certain other acts was published in the Official Journal on 25 October 2022.