On 21 December 2009, Law 712 was published in the Official Gazette introducing major amendments to Laws 453 (Ley de Equidad Fiscal) and 528. The amendments, which are effective as from 1 January 2010, are described below. Income tax (a) Taxable receipts. Currently, all dividends or profit distributions made by companies subject to income tax are non-taxable receipts. Under the reform, only dividends or profit distributions that are subject to final withholding tax (see below) will remain as non-taxable receipts. Furthermore, some categories of non-taxable receipts will become taxable as follows: -   Interest from deposits on current accounts, savings,...