On 6 December 2013, the Senate passed the omnibus legislation which seeks to establish a transparent and coherent regime to govern all tax incentives. The Bills passed are as follows: - Fiscal Incentives (Miscellaneous Provisions) Act which sets out the reforms to be carried out to corporate tax including the introduction of an Employment Tax Credit (ETC), changes to the capital allowance regime, and revision of provisions governing the utilization of tax losses; and - Income Tax Relief (Large Scale Projects and Pioneer Industries) Act 2013 which sets out provision for the designation of large scale projects and pioneer industries...