On 13 November 2013, the government presented a law proposal (HE 185/2013) which would reduce the corporate income tax rate, amend the dividend taxation rules and enact some other tax changes. The proposals are part of the Budget 2014. The main features of the proposals, which enter into force from 1 January 2013, are summarized below. Corporate taxation -   The corporate income tax rate is reduced to 20% (currently 24.5%). -   Entertainment costs become fully non-deductible for tax purposes. -   The accelerated depreciation scheme for qualifying industrial buildings and new machinery and equipment applies only for the...