The standard tax is 25% for shares owned for less than five years. After every subsequent five years, the tax rate is reduced: namely to 15, 10 and then 5 percent. After owning shares for 20 years, the sale is no longer taxed.
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The deadline to report capital gains to the tax office is February 28. However, people who did not sell any shares but had shares cancelled in the banks NKBM, NLB, Abanka, Probanka, and Factor Bank do not need to submit a report.
The standard tax is 25% for shares owned for less than five years. After every subsequent five years, the tax rate is reduced: namely to 15, 10 and then 5 percent. After owning shares for 20 years, the sale is no longer taxed.
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