Tax obligations

General tax considerations

  • For individuals, the tax rate on proceeds from the transfer of fund shares is 16%, regardless of the investment period (according to the provisions of the Fiscal Code as of 01.07.2010).
  • The annual net gain/loss resulting from the redemption of fund shares and the corresponding tax payable p.a. are determined only based on the ANNUAL statement submitted by taxpayers (as of 01.01.2013).

Portfolio statements

Portfolio statements are provided to investors in paper form, by means of registered letter delivered to the investor’s correspondence address* (if any) or home address, together with an explanation of the subsequent actions investors need to take.

*The correspondence address can be found in the investment form or may be added/changed later through an amendment form. Erste AM cannot be held responsible for amendments not notified by investors.

 

Portfolio statements show the corresponding Gain/Loss in the reporting period.

Gains/Losses are determined as

- the difference between (i) the redemption price and (ii) the purchase/subscription price, regardless of the investment period.

(i) The redemption price is the price owed to the investor upon (full or partial) withdrawal from the fund.

(ii) The purchase/subscription price is the price paid to purchase fund shares

Form 200

Form 200 is an annual statement individuals must submit by 25 May each year to the local tax authority (within the area where the investor’s home address is located).

Form 200 is available at the venues of the tax authority or may be downloaded together with the instructions below.

If you have redeemed fund shares and not yet received your portfolio statement, please make an inquiry at the following e-mail address: office@erste-am.ro.

Taxation history

1. Between 01.01.2009 and 31.12.2009: gains from the transfer of fund shares, outside the scope of taxation.

2. Between 01.01.2010 and 30.06.2010:

  • for investment periods less than 1 year, the tax rate was 16%, of which 1% withheld by the management company;
  • for investment periods over 1 year, the tax rate was 1% withheld by the management company.

Contact us

Do you have questions or would like to get more information?

An Erste Asset Management expert is happy to answer.

This might interest you as well 

Disclaimer

Previous performance of the Fund is not a guarantee of future results! Please read the prospectus and the key investor document (KID) provided in art. 98 of G.E.O. no. 32/2012 before investing in fund! The Prospectus and the key investor document (KID) are available in Romanian and English language on www.erste-am.ro and may be obtained from the agencies/units pertaining to the Romanian Commercial Bank and from the premises of SAI Erste Asset Management S.A.

Open end fund ERSTE Money Market RON (former ERSTE Monetar), NSC Decision 596/04.07.2012, FSA Register no. CSC06FDIR/400079; Open end fund ERSTE Bond Flexible RON (former BCR Obligatiuni), NSC Decision 1872/2007 FSA Register no. CSC06FDIR/400039; Open end fund ERSTE Bond Flexible Romania EUR, NSC Decision 371 / 25.04.2013, FSA Register CSC06FDIR / 400081; Open end fund ERSTE Balanced RON (former BCR Dinamic), NSC Decision 3117/2004, FSA Register no. CSC06FDIR/400002; Open end fund ERSTE Equity Romania (former BCR Expert), NSC Decision 3215/2005, FSA Register nr. CSC06FDIR/400024; Open end fund YOU INVEST Solid RON, FSA Authorisation no. A/21/2014, FSA Register no. CSC06FDIR/400087; Open end fund YOU INVEST Balanced RON, FSA Authorisation no. A/23/2014, FSA Register no. CSC06FDIR/400089; Open end fund YOU INVEST Active RON, NSC Decision no. 1870/2007, FSA Register no. CSC06FDIR/400042; Open end fund YOU INVEST Solid EUR, FSA Authorisation no. A/22/2014, FSA Register no. CSC06FDIR/400088; Open end fund YOU INVEST Balanced EUR, NSC Decision no. 370/ 2013, FSA Register no.CSC06FDIR/400082; Open end fund YOU INVEST Active EUR, NSC Decision no. 369/2013, FSA Register no. CSC06FDIR/ 400083.

SAI ERSTE Asset Management SA, authorized by NSC with the Decision no 98/21.01.2009, registered with FSA Public Registry with number PJR05SAIR/400028, Number General Registry ANSPDCP: 0017716, Phone: 0372.269.999; Fax: 0372.870.995; www.erste-am.ro; email: office@erste-am.ro.

Depository: BCR SA