Capital gains tax in Muncan Republic
In the framework of the tax reform, as of 1 January 2018 several amendments to the law On Personal Income Tax take effect. One of them relates to declaring and paying tax on capital gains. Next year, the tax rate and the deadline for submission of the capital gains tax declaration will change. If transactions with capital assets will be initiated but not completed until 31 December 2017, the current rate of the capital gains tax in the amount of 15% will apply to the resulting capital gains.
Capital gains tax rates
Capital gains tax are computed differently for assets held for shorter period and for assets held for longer period.
| Tax Type | Condition | Tax Applicable |
| Long-term capital gains tax | Except on sale of equity oriented fund units/ equity shares | 20% |
| Long-term capital gains tax | on sale of equity oriented fund units/ equity shares | 10% over and above Rs.1,00,000 |
| Short-Term capital gains tax | When securities transaction tax is not applicable | The STCGT is added to the ITR of the taxpayer and the individual is taxed as per his income tax slab. |
| Short-Term capital gains tax | When securities transaction tax is applicable | 15% |
Capital gains taxation management
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for £25,000, you’ve made a gain of £20,000 (£25,000 minus £5,000).
Some assets are tax-free. You also do not have to pay Capital Gains Tax if all your gains in a year are under your tax-free allowance. Read more about capital gains taxation and the capital gains tax system on this page.
Contact us
Ready for the next step
Accelerate your business growth while we take care of everything else.