A reduction in business tax from 28 pct to 24 pct for 2019, and incentives to link large investments with a reduction in taxable foreign income are some of several incentives for investments under a new draft bill that was released for public consultation on Thursday, ANA reports.
It also proposes that dividends tax be reduced from 10 pct to 5 pct, while it relieves company bonds in official markets from income tax and the solidarity fee.
The bill also foresees extensive measures to reduce the burden on households, including the introduction of a basic tax rate of 9 pct for workers, contractors and pensioners – instead of the current 22 pct – and other measures, including a higher tax exemption per child.
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