The Law N 174-Z of 15 October 2010 introduced a number of changes into Chapter 14 "Corporate Income Tax" of the Tax Code. The changes will become effective as of 1 January 2011. The major changes are: -   the conditions for the exemption of profits reinvested in fixed assets and housing are simplified, but such an exemption may not exceed 50% of all profits; -   the tax is to be paid by quarterly payments in either of the two options: (i) one quarter of the corporate income tax amount paid in the previous tax year; or (ii) one...