Planned changes with respect to real estate companies and the imposition of CIT on limited partnerships
On 16 September 2020 a draft amendment of inter alia the Corporate Income Tax Act was published. According to the Ministry of Finance, the main purpose of such amendment is to seal the income tax system. The draft amendment provides among others for the introduction of a new concept, i.e. “real estate company” to the CIT Act and imposition of CIT on limited partnerships.
Click here to find the description of the planned regulations in this respect.