Corporate Tax Alert
More details on minimum company tax ("fairness tax")
Additional details on the fairness tax have surfaced and are outlined in this alert. This information may be subject to changes.
The fairness tax would apply if, for the same taxable period, (i) a company distributes dividends and (ii) the taxable base after the so-called "first operation" is reduced with previous year tax losses and current year NID.
Apparently, liquidation dividends would not be caught by the fairness tax.