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Tax rate for income from capital gains
Tax amount
Income from capital gains is subject to a 25.5% personal income tax.
What kind of income is subject to this tax?
A 25.5% tax is applied to income from the sale of the following kinds of capital assets:
- financial instruments (stocks, capital shares, debentures, investments in partnerships, and other financial instruments named in the Financial Instrument Market Law);
- investment fund certificates;
- money market instruments (debt instruments and other instruments traded on the money markets);
- property (including the rights to purchase property);
- objects of intellectual property;
- investment gold and other precious metals;
- transaction objects on the foreign exchange or goods markets.
When do I have to declare this income?
Your overall income in a given quarter determines how often you have to submit a declaration.
| Product | If income in one quarter does not exceed 1000 EUR | If income in one quarter exceeds 1000 EUR |
|---|---|---|
| Citadele investment funds, investment funds, shares, derivative instruments, other financial market instruments, gold (investment gold) | Once per year, by the 15th January of the next year. Taxes are due on the 23rd January. | Once per quarter, by the 15th of the next month. Taxes are due on the 23rd of the next month. |
Who is responsible for calculating and paying tax?
The income recipient is responsible for calculating and paying personal income tax to the state.
Special rules for non-residents
If income from the sale of gold is paid to a non-resident, the income issuer must withhold a 3% tax from the amount disbursed and transfer it to the state budget.
The non-resident has the right to submit a capital gains declaration to the State Revenue Service and request a refund of their overpaid taxes, as long as the 25.5% tax on profit (the difference between the sale and purchase price of the gold) is lower than the withheld tax amount.
