Foreign controlled companies income tax - complications

Lastly, we have mentioned about the amendment of tax law, among which the taxation of income reached by foreign controlled company should be found for the most important change. President signed the amendment on September  17th 2014. Most of the changes will come into force January 1st 2015.

However, concerning to the foreign controlled companies some complications occurred, because the legislator envisions that these provisions will come into force 3 months after the month in which took place their publication. Because of the delay of the publication, which took place  October 3rd 2014, these provisions will come into force February  1st 2015. It means that they will concern output tax since January 1st 2016. Does it mean annual break from the foreign controlled companies income tax, it will be seen.

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