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Thin Capitalization Amendment
Part of Government Public Finances Reform (passed through Chamber of Deputies in August 2007), rules for debt financing in the Income Taxes Act were considerably tightened. If the changes take effect, the new rules will increase the effective taxation of companies and business sectors which rely on loans and credit financing.AmCham has therefore joined forces with several other professional associations and strives to amend the Act so as to preserve the more favorable status quo.
Project progress
Regular updates on status and AmCham involvement.
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