On 29 January 2014, the government approved the draft version of the Tax Law Amendment Act 2014 with minor changes and submitted it for parliamentary discussions. The main changes are summarized as follows. Limited tax liability The planned effective date for changes regarding the limited tax liability on interest payments is postponed to payments made after 1 January 2015. Deductions Regarding the deductibility of interest and royalties, the amended draft stipulates that such payments shall not be deductible if the income from such payments is taxed at a rate of less than 10%. Losses Losses derived from foreign permanent establishments...