The Ministry of Finance recently issued Decree no. 428/2021, which contains guidelines for the application of capital gains taxes for securities transactions. Capital gains taxes are already governed by Income Tax Law no. 91/2005 and its Executive Regulations. The objective of the latest guidelines is to provide a framework for how capital gains taxes will be implemented after the end of 2021. The new guidelines abolish the stamp tax on securities transactions while imposing a flat 10% tax on traders’ net profits.

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