Various laws and supreme decrees introduced tax amendments to the income tax and excise tax, effective as from 1 January 2008. The main amendments are summarized below.
Capital gains from securities
Capital gains derived by non-domiciled legal persons are subject to withholding tax at the general rate of 30%. However, capital gains from the alienation of securities are subject to income tax at the rate of 5% when the alienation is carried out within th…