Revenue taxation

According to the applicable tax legislation, the revenue obtained from investments is subject to a 10% tax. The single tax rate is charged irrespective of the purchase date or the holding period, this provision being applicable only to natural persons. BT Asset Management SAI does not withhold the due tax. The investor has the obligation to declare the revenues obtained.

As of January 1, 2018, according to the provisions of the new Fiscal Code, the individuals who obtain income from the transfer of securities (fund units  issued by investment funds) will owe, in addition to the income tax, 10% of the revenue obtained as individual health insurance contribution to the Healthcare Pension Fund, if the cumulated annual revenue from investments, self-employed activities, agricultural activities, partnerships or other revenues exceeds 12 minimum base gross salaries  according to the official country level. The investors whose cumulated revenues are below 12 minimum base gross salaries  according to the official country level DO NOT owe any health insurance contribution to the Healthcare Pension Fund.

The following categories of investors are exempted from the payment of the health insurance contribution:

  1. individuals under the age of 18, individuals under the age of 26 who are integrated in a child protection system, persons persecuted on political grounds, people with disabilities, persons suffering from diseases included in the national health programs, pregnant women and women who have recently given birth.
  2. As of 01.01.2018 (according to the provisions of the Government Emergency Ordinance no. 79/2017 amending and supplementing Law no. 227/2015 on the Fiscal Code), the persons who obtain revenue from investments do not owe a health insurance contribution in respect of such revenue, if they obtain at least one of the following categories of income:

    • Allowances for temporary incapacity for work as a result of a work accident or occupational disease 
BT Asset Management SAI does not withhold either the due income tax or the health insurance contribution. The investor has the obligation to declare and to pay the tax duties in connection with the revenues obtained.

Tax authority (ANAF) single tax form
Guidelines for filling in the single tax form
Frequent questions about investment funds


Legal entities

They book the revenue resulting from the sale of fund units as financial income, the sale being exempted from taxation and withholding.

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