On 9 and 10 December 2009, the parliament adopted two Budget laws for 2010, i.e.: (i) the Law on State Social Insurance Budget and (ii) the Law on State and Municipalities Budget, as well as the accompanying amendments to the tax laws. When proclaimed by the President, the amendments will generally take effect on 1 January 2010. Corporate taxation (a) Tax rate. The general corporate income tax (CIT) rate would be reduced from 20% to 15% (thereby reverting to the old regime that was in force until 31 December 2008). Small companies with an average number of employees not exceeding...