Draft act to amend Act 595/2003 on Income Tax, as amended (part 3/3)
Effective 1 January 2024, the draft amendment to the Income Tax Act amends the implementation of a new interest expense limitation rule targeted against practices that artificially reduce the income tax base by utilising excessive debt financing. The proposes measures are a result of the transposition of Directive (EU) 2016/1164. For such reason, a new…