On 10 July 2007, the Upper House adopted a bill on the introduction of a new tax-exempt investment fund regime and on the amendment of the existing investment fund regime. Under the existing regime, investment funds are subject to corporate income tax at the rate of 0%. Details of the bill were reported in. In addition to the details already reported, the adopted bill includes the following amendments: New investment fund regime The shareholder requirement, gearing limitations and distribution obligation applicable under the existing investment fund regime do not apply to the new exempt investment fund. However, exempt investment funds...