Law 5,061 of 2013 has introduced amendments to the income tax and VAT, which would generally become effective on 2 January 2014 (i.e. under the law, the amendments become effective on the date determined by the Executive within 90 days as from the enactment of the law). The main tax amendments are as follows. Income tax - The income tax on agricultural activities (IMAGRO) is amended concerning income subject to tax, determination of taxable income and limitations on deductible expenses. These amendments generally align the tax rules with those applicable to the general income tax (IRACIS). - The maximum threshold...