7 December 2011 On 29 November 2011, the Government presented a tax reform bill to the National Assembly for approval. The tax reform is expected to enter into force as of 1 January 2012. Some of the most important features of the proposed reform are as follows: -   an increase of the maximum income tax rate applicable for individuals and corporations from 25% to 30%; -   implementation of a minimum income tax to be calculated at a rate of 1% over the taxpayer's gross income.