The government Budget Bill for 2007 was presented to parliament on 16 October 2006. The Bill includes a number of tax amendments to the tax incentive statute (EBF), which will generally apply from 1 January 2007. The most significant amendments in the Bill are summarized below. (a) Time limit for tax benefits. The Budget Bill establishes a general 5-year period to benefit for the provisions included in Part II and III of the tax incentive statute. The 5-year period does not apply to several incentives, such as the regimes for pension funds, investment funds and venture capital funds. (b) Extension...