Article 478

1. The applicable percentage for the purposes of Article 468 (4), points (a) and (c) of Article 469(1), point (a) of Article 474 and point (a) of Article 476 shall fall within the following ranges:

(a) 20 % to 100 % for the period from 1 January 2014 to 31 December 2014;

(b) 40 % to 100 % for the period from 1 January 2015 to 31 December 2015;

(c) 60 % to 100 % for the period from 1 January 2016 to 31 December 2016;

(d) 80 % to 100 % for the period from 1 January 2017 to 31 December 2017.

3. Competent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 for each of the following deductions:

(a) the individual deductions required pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;

(b) the aggregate amount of deferred tax assets that rely on future profitability and arise from temporary differences and the items referred to in point (i) of Article 36(1) that is required to be deducted pursuant to Article 48;

(c) each deduction required pursuant to points (b) to (d) of Article 56;

(d) each deduction required pursuant to points (b) to (d) of Article 66.