What the new Bill N°8388 provides
- New scale of rates for minimum net wealth
tax
- Repurchase of a class of shares clarified
- Optionality of the
participation-exemption
On 24 May 2024, Bill N°8388 (the "Bill"), which
deals with some important tax matters, was released.
Please find below the main takeaways of the Bill.
New scale of rates for minimum net wealth tax
Following the decision of the Constitutional Court in a ruling
dated 10 November 2023 considering the minimum net wealth tax (NWT)
regime partly unconstitutional, the Bill proposes some amendments
to the regime.
Please refer to our previous article for more background in this
respect.
As a reminder, under the current regime, the minimum NWT due
depends on the company's balance sheet as follows:
