Exemption from tax on the sale of financial instruments

The difference between income from the sale of financial instruments and the costs of acquiring the financial instruments, including compulsory payments, is not taxable if it does not exceed EUR 500 per tax year.

The EUR 500 exemption does not apply under the following circumstances:

• a shareholder sells or otherwise transfers shares into ownership to the entity that issued the shares;
• shares are interpreted as sold in the event of liquidation of the entity;

• shares sold were received free of charge as part of a share capital increase (in case of an increase in the nominal value of the shares, the above exemption does not apply to the proportion of income attributable to the amount of increase in the nominal value of the share).