The issue of taxation if incomes received from investing is always vital, as taxes influence directly on income amounts.

The legal base of this issue includes two basic laws:

• The Law of Ukraine on taxation of enterprise profit.pdf
• The Law of Ukraine on taxation of physical individuals incomes.pdf

The tax is being withdrawn from an income received in result of:

• selling securities to a third person;
• redemption of certificates by the AMC;
• dividends payment (if such paymnets are provided by the Prospectus).

When an investor sells his securities the taxable income is being defined as the difference between buy and sell prices. In case of dividends payment the taxable income is the sum of dividends received by an investor.

If investor is a juridicial person, than the tax is 25%, for physical individuals - 15%. Dividends tax is 5%.

When money are in a fund, the tax wouldn't be calculated on them. And if you are a direct owner of securities you should pay taxes from each transaction made with your equities.