On 17 September 2013, the Ministry of Finance published the proposals for the amendments of a number of tax laws which are expected to enter into force as of 1 January 2014. The proposed amendments are summarized below. Corporate Income Tax Act (CITA) -   Regarding the implementation of the Interest and Royalties Directive (2003/49), the advance application of a reduced rate of 5% withholding tax on interest and royalties income of the qualifying entities prior to the expiry of the 2-year holding period requirement (with a minimum required direct shareholding of 25%). The effective rate of 10% withholding tax...