On 19 November 2013, the State Gazette No. 100, published the Law on the Amendments and Supplementations of the Corporate Income Tax Act and Law on the Amendments and Supplementations of the Personal Income Tax Act. The laws will enter into force as of 1 January 2014. The main amendments included in both laws are summarized below. Corporate Income Tax Act (CITA) - Regarding the implementation of the Interest and Royalties Directive (2003/49), an advance application is allowed of a reduced rate of 5% withholding tax on interest and royalties derived by qualifying persons prior to the expiry of the...