Several amendments to the income tax are introduced by Law 822 published in the Official Gazette of 17 December 2012 and in force as of 1 January 2013. The corporate income tax rate and the individual income tax rate on business and service income is 30%. As from 2016, and for 5 years, this rate is scheduled to be reduced in 1 percentage point per year. Taxpayers whose gross annual income is equal or less than NIO 12 million are subject to income tax according to the following table: Annual net income (NIO) Rate (%) up to 100,000 10 100,000.01...