Tax Application

Tax on income from capital refers to the most part of the bank's offered investment services. According to the law "On Personal Income Tax", all income from capital is divided into two parts depending on the type of gaining income:

• income from the growth of capital, namely income from transactions with shares, investment funds, debt securities. This income should be declared by the private person itself and tax paid in the amount of 15 % of the profit gained.
• income from capital, which is not growth of capital, namely on interest income from all types of deposits and account balances, income from dividends, income from accruals in private pension funds or from accruals in the life insurance contract. This income is subject to tax of 10 % of the disbursed income. This means that the tax will be cashed not from the whole deposit amount, but only from the gained profit interest.