I guess your simplest option is to put a load resistor across the secondary of your 220VAC->12VAC transformer, and a resistor in series with the primary.
I'll assume a maximum dissipation in the load resistor of about 2W, so you can use a 5W resistor. The load resistance can be calculated as:
R = V^2 / P
= 12^2 / 2
= 72 ohms
Use a 68 ohm, 5W resistor. Probably wirewound.
Now you need to calculate the resistance to connect in series with the primary.
The resistance you see looking into the primary winding of the transformer will be the load resistance multiplied by the square of the turns ratio.
The turns ratio for a 220-to-12V transformer is 220/12 which is 18.333. The square of that is 336.
So the resistance looking into the primary is 68 * 336 which is 22.85 kilohms.
The resistor you connect in series with the primary needs to drop the voltage from 300V to 220V (a drop of 80V) with a load of 22.85 kilohms. The resistance you need is:
series_resistance = dropped_voltage * reflected_load_resistance / primary_voltage
= 80 * 22850 / 220
= 8.3 kilohms approx.
So you would use an 8.2k resistor.
Dissipation in the series resistor is:
P = V^2 / R
= 80^2 / 8200
= 0.8W approx.
So you would use a 2W or 3W resistor.
Because of the voltages involved, I would use a fusible resistor. I couldn't find a suitable fusible resistor on Digikey, and Mouser's search and catalogue facility is crap as usual. Digikey do have lower value fusible resistors with 0.5 watt ratings, and you could connect a few of these in series to make up the required resistance.
Alternatively, you could vary the load resistance upwards and downwards a bit, and rerun those calculations, to see if you can find some numbers that are a better fit to the available components. A spreadsheet makes these calculations easy.
One other thing. You should be using a precision rectifier (Google it) instead of a diode or diode bridge, to convert the output of the voltage transformer from AC to DC. Good luck!