Attorney at law Egon Talur gives an overview of changed meaning of associated persons as of the beginning of this year. While section 8 of the Income Tax Act applicable before 2011 provided an exhaustive list of persons considered to be associated, the new Act that entered into force on 1 January 2011 provides that all persons are considered as associated if they have a joint economic interest or if one person has a dominant influence over another. The exhaustive list applicable until now has been changed and will become illustrative. Read more »