Investment provision raised to 50% for profit-sharing agreements signed within three years

Article 11 of the Act of 30 December 2006 on the development of employee profit-sharing and share ownership raises to 50% the rate of the tax-free investment provision (Article 237 bis A(II)(1) of the General Tax Code) that companies voluntarily applying a profit-sharing agreement may set aside, for agreements signed within three years of the Act's publication (Official Journal of 31 December 2006). The provision is calculated on the amounts allocated to the special profit-sharing reserve.