15. What is the tax treatment of funds?

When you sell investment units or shares (when you withdraw your entire or partial investment) capital gains tax is payable in the amount of 20%. The capital gain is considered to be the difference between the price you got when you sold investment units/shares and their purchasing price.    

When receiving dividends from a funds returns, capital gains tax is payable in the amount of 20%. The basis for calculation of the tax is 50% of paid returns.