Share of costs and expenses on capital gains from the sale of participating interests raised from 5% to 10%

Article 4 of the second amending finance act for 2011 raises from 5% to 10% of net capital gains the share of costs and expenses added back to the taxable income of companies selling participating interests held for at least two years (Article 219 of the General Tax Code), for financial years beginning on or after 1 January 2011. The share was raised to 12% of gross capital gains in 2012.