The Ministry of Strategy and Finance (MOSF) on 17 January 2013 announced that the revised tax reforms enforcement decree would be released in mid-February. This decree will provide for the enforcement of amendments made to a number of tax laws, these amendments having been approved by the national assembly in December 2012. According to the MOSF’s announcement the enforcement ordinance will take effect in February 2013.
The amendments of MOSF affect the income tax, Tax Reduction and Exemption Control Act, inheritance and gift tax, adjustments of international tax law, comprehensive real estate tax, securities transaction tax, VAT, individual consumption tax, transportation-energy-green taxes, liquor tax and the Framework Act on National Taxes.
