The Budget Bill for 2012 was presented to the parliament by the government on 5 October 2011. Details of the Budget Bill, which unless otherwise indicated will apply from 1 January 2012, are summarized below: -   the corporate income tax rate is reduced to 25% (currently, 26%); -   the withholding tax on dividends, royalties and interest paid to foreign entities is reduced to 25% (currently, 28%) and the special withholding tax on certain dividends is decreased to 18.75% (currently, 19.5%). Details of these changes are, however, not yet clear as the law proposal text is not yet available....