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Tax Updates 1-2012

CHANGE TO FORM 145 (NOTIFICATION OF DATA OF RECIPIENTS OF SALARY INCOME TO THEIR PAYERS AND OF CHANGES IN PREVIOUSLY NOTIFIED DATA) IN RELATION TO TAXPAYERS ENTITLED TO THE TAX CREDIT FOR INVESTMENT IN THEIR PRINCIPAL RESIDENCE

“Tax Update” on the Decision dated January 23, 2012, by the Tax Management Department of the State Tax Agency, modifying form 145 for notification of data of recipients of salary income to their payers and of changes in previously notified data, published in the Official State Gazette of January 30.

The form has been modified to include the possibility of reducing the withholding rate by two whole numbers where the tax credit for investment in the principal residence applies (in case of external financing), bearing in mind the recent change in that tax credit.