On Amendments to the Law "On Personal Income Tax"*

We would like to inform you that, according to the amendments to the Law "On Personal Income Tax", starting from 1 January 2010, the object of tax withholding is the income of private persons gained from capital. We would therefore like to provide explanations to you, our bank's existing and forthcoming clients, of how the encashment of the mentioned tax will be organised and how these changes will influence you!

On Personal Income Tax

Tax Application

Tax on income from capital refers to the most part of the bank's offered investment services. According to the amendments to the law, all income from capital is divided into two parts.
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Tax Encashment

The very depositor is liable for payment of tax on income from the growth of capital and the liability for tax encashment on income from capital, which is not a growth of capital...
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What should you take into consideration as the owner
of this given investment service?

Here you can become acquainted with the information on how the mentioned amendments to the Law "On Personal Income Tax" influence each specific investment service offered by SEB banka!

Traditional deposits (simple deposit, special deposit, short-term deposit)
Structured products (Progressive Deposit)
Savings account
Maturity deposit
Dividends
Private pension funds
Endowment life insurance
Investment funds (Lat reserve fund, SEB funds, SEB investment fund, etc.)
Shares

* The material is solely of an informative nature. The given explanations are provided based on the amendments adopted by the Saeima (Parliament) on 01.12.2009 to the Law "On Personal Income Tax", which the State President promulgated on 21.12.2009. Please consult your tax adviser regarding tax application in each given case.


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