Which groups were exempted from tax in the stock market?
According to Tejarat News, one of the ambiguities in cyber space regarding the investment of natural persons in investment funds. Exchange It is a question of tax on the investment of these people. In this context, Dawood Manzoor, the head of the tax affairs organization, issued a circular on July 14, 1401. stated that natural persons are not subject to tax on income from investment in investment funds. For this reason, natural investors will not be required to submit a tax return.
It is stated in this circular; Regarding the questions and uncertainties raised regarding the obligation or non-obligation to submit a tax declaration by natural persons for investing in investment funds, the subject of Note 1 of Article 143 of the Direct Taxes Law is provided. Because according to the provisions of Note 1 of Article 143 of the Direct Taxes Law, all incomes of investment funds are taxed at a zero rate within the framework of the Financial Instruments Development Law. On the other hand, in case of non-compliance with the provisions of Note 1 of Article 146 of the said law (submitting declarations of books and documents), the incomes of the said funds will be subject to tax in accordance with the provisions. Therefore, taking into account the above and adopting the criterion of the provisions of Note 4, Article 105 of the Direct Taxes Law, individuals are not subject to tax on income from investing in investment funds, and natural investors will not be required to submit a tax return.
Increasing investments in the stock market
Mojtaba Diba, a financial market expert, said in a conversation with Tejarat News: A new circular has been issued by the country’s tax organization. Based on the lack of obligation to submit a tax return. Practically, natural persons who invest in the field of investment funds are no longer subject to taxes, and there is no requirement for them to submit declarations. If people who work in the field of banking interest rates are required to pay taxes, investors will be encouraged to invest in this sector.
He explained: On the other hand, we know that part of the fund’s investment portfolio is on stocks. The changes mentioned above can increase the attractiveness of this section. Now this requirement is not on the interest rate. In any case, for people who have big money and wanted to invest in funds, maybe the next thing is to remove the attraction of other markets. It should be done at the next stage so that it can attract better money indirectly to these capital market funds. In this case, we can see a percentage increase in public interest in the market.
Read the latest capital market news on Tejarat News Stock Exchange page.