What taxes must be paid when purchasing investment certificates

Legislation confused individuals who purchase investment certificates. And they do not understand how to pay taxes. According to the rules spelled out, such securities are subject to a two cases, depending on their type. The first - a certificate with a clearly defined maturity. That is, buy it for a specific period - one, two, three. And only after that time the owners are paid. In this case, the owner of the certificate of tax charge. It is required to do asset management company. She, as a tax agent must independently calculate the fee and collect it from the physical persons even before receiving the funds. And also to inform the tax office. "In this case, the tax rate is 5% of income. And on the natural persons, the taxpayer does not have an obligation to display the operation in his tax return. Instead, it makes your management company aktvami" - emphasizes Denis Buhay, a partner at the law firm. If you own an investment certificate, which has no clear terms of circulation, be careful. The security of this kind can, if necessary, to sell to a third party at any time. If during the period when it belonged to you, its value has increased and brought in revenue after the implementation of the certificate owner should have to pay for 15% of the collection. In this case, the AMC is not required to notify the tax and should not carry out assignments. "The fact that tax authorities will not know about your surgery, should not weaken the taxpayer. At the request of the tax, AMC will be required to answer about the transition of ownership of securities. The risk that the tax will be aware of your transactions with securities are low, but the present ", - said Denis Buga. If the income is not brought investment certificates, or the owner has incurred losses, tax charge. But this only applies to individuals. For corporate different rules.