Capital gain income declaration
Since January 1, 2010 the personal income tax is being imposed on capital gains.
Capital assets are:
1) shares, capital shares, participatory interests, investments in the personal companies and the other financial instruments, mentioned in the law “On the Financial and Capital Market”,
2) investment fund certificates and other transferable securities, confirming the participation in the investment funds or similar joint investment companies;
3) debt instruments (debentures, investment certificates issued by commercial companies, short-term debt instruments) and other financial instruments, being sold on the money markets;
4) real property, including the right to acquire the real property;
5) companies in the interpretation of the Commercial Law;
6) intellectual property items;
7) investment gold and other precious metals, objects of transactions on the currency market or commodity market.
Who is obliged to declare income
Capital gain income declaration should be filed by those individuals, who earned income, which has not been taxed at the place of payment of the income.
Application period of capital gain income declaration
for non-residents:
• Till the 15th date of the month, following the income provision month;
for residents:
• if the total business income does not exceed 142,29 EUR a month - until January 15 of the following year;
• if the total business income is in the range of 142,30 EUR to 711,44 EUR a month - until the 15th date of the following quarter;
• if the total business income exceeds 711,44 EUR a month - until the 15th date of the following month.
Taxpayers should also once a year - until June 1 of following year – file to the State Revenue Service the annex to the declaration DK1 about the started but not completed transactions with capital assets in the accounting year.
The cost of service on execution of declaration - 150 EUR.
The cost of consultation - 150 EUR per hour.
Capital assets are:
1) shares, capital shares, participatory interests, investments in the personal companies and the other financial instruments, mentioned in the law “On the Financial and Capital Market”,
2) investment fund certificates and other transferable securities, confirming the participation in the investment funds or similar joint investment companies;
3) debt instruments (debentures, investment certificates issued by commercial companies, short-term debt instruments) and other financial instruments, being sold on the money markets;
4) real property, including the right to acquire the real property;
5) companies in the interpretation of the Commercial Law;
6) intellectual property items;
7) investment gold and other precious metals, objects of transactions on the currency market or commodity market.
Who is obliged to declare income
Capital gain income declaration should be filed by those individuals, who earned income, which has not been taxed at the place of payment of the income.
Application period of capital gain income declaration
for non-residents:
• Till the 15th date of the month, following the income provision month;
for residents:
• if the total business income does not exceed 142,29 EUR a month - until January 15 of the following year;
• if the total business income is in the range of 142,30 EUR to 711,44 EUR a month - until the 15th date of the following quarter;
• if the total business income exceeds 711,44 EUR a month - until the 15th date of the following month.
Taxpayers should also once a year - until June 1 of following year – file to the State Revenue Service the annex to the declaration DK1 about the started but not completed transactions with capital assets in the accounting year.
The cost of service on execution of declaration - 150 EUR.
The cost of consultation - 150 EUR per hour.