Taxation of gains obtained by natural persons from investments in investment funds

Until 31.12.2022, profits obtained from investments in open investment funds are taxed at 10%. The single rate applies regardless of the date of purchase or the period of ownership, the provision only applies to natural persons. BT Asset Management SAI does not withhold the tax owed. The responsibility of declaring the obtained income belongs exclusively to the investor.

• by applying a rate of 1% on each gain from the transfer of securities that were acquired and disposed of in a period longer than 365 days, inclusive, from the date of acquisition;
• by applying a rate of 3% on each gain from the transfer of securities that were acquired and disposed of in a period less than 365 days from the date of acquisition;

To establish the holding period of the redeemed fund units and their inclusion in one of the two tax tranches, the FIFO (first in – first out) method is used, calculating the number of days that have passed between the date of issue of the fund units and the date of cancellation of the fund units fund that are the object of the redemption transaction.

Starting with the date of 01.01.2023, the losses registered from the redemption transactions of the fund units are not carried forward, they represent definitive losses of the investor, regardless of the date on which they were recorded.

In the event that natural person taxpayers obtain cumulative annual income from several sources: investments, independent activities, liberal professions, rents, etc. higher than the ceiling established by the Fiscal Code, the taxpayers also owe the contribution to social health insurance (CASS), according to the applicable legal provisions. Exceptions to the payment of social health insurance contributions can be found in the specific legal framework in force.

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