Recently, the amendments to the tax laws became effective. The adopted tax bill significantly deviates from the original draft introduced in September 2008 indicated otherwise below, the amendments generally apply from 1 January 2009. The tax bill introduces minor amendments to the corporate and personal income tax regimes, and sets forth stringent provisions regarding tax penalties. Corporate income tax The major amendment provides for partial tax amnesty to residents repatriating income accumulated in controlled foreign companies (CFC) other than those based in Andorra, Monaco and Lichtenstein. The amnesty rules exempt 75% of the dividends derived from CFCs if a taxpayer...