1. Not Subject to Corporate Income Tax;
2. Yield Taxation;
3. Capital Gains (Exempt from Taxation);
3.1. General Terms and Conditions;
3.2. Exceptions – Against Third Country Entities (non-EU/EEA Member States).

The earnings from Municipal Bank Perspective MF, being a mutual fund, are not subject to Corporate Income Tax.
Incomes from deals with shares of the Fund (capital gains realized), both in case of redemption of the shares in the Fund, and of sale of shares on the Bulgarian Stock Exchange (BSE) are non-taxable, when the beneficial owner of the income is a resident individual or an individual established for tax purposes in a Member State of the European Union or of the European Economic Area.
These gains are accordingly deducted when accounting for the financial result for determining the tax base of entities subject to taxation under the Corporate Income Tax Act (CITA).
It should be noted that upon losses from deals with shares, the persons taxable under the CITA shall increase their financial results with the negative difference between the sale and purchase price of the shares. When shares are acquired at different prices and then a part of them is sold, without possibility to prove which of them are sold, the acquisition price shall be taken to be the weighted average price determined on the basis of the acquisition price of the shares held at the time of sale.
These incomes are also not subject to withholding tax.

Exceptions for Certain Categories of Persons

The income from deals with shares of the Fund (capital gains realized) and with any financial assets by individuals from third countries outside the above is subject to final tax of 10% on the taxable income.
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Investors should note that the value of their shares in a mutual fund and the yield from them can go down, profits are not guaranteed and they run the risk of not recovering their investment in full. Investments in mutual funds are not guaranteed by an insurance fund or otherwise. Past performance of a mutual fund is not indicative of the future results of its operations.