Several amendments to the treatment of capital gains are introduced by Law 822 published in the Official Gazette of 17 December 2012 and in force as of 1 January 2013. Previously, capital gains were treated as ordinary income. As from 1 January 2013, gains derived by the transferor (resident and non-resident taxpayers) from the transfers of assets, goods or right of a resident company are subject to capital gains tax. In the case of gratuitous transfers (donations, gifts, estates, lotteries, prizes), the taxpayer is the entity receiving the good or right transferred. Additionally, gains from the exploitation of movable or...