Holý wants tax breaks for mutual funds
In his draft Act on Rental Housing, Deputy PM Štefan Holý (Sme rodina) proposed exempting yields from investments in mutual funds from income tax if investors hold the funds at least 36 months. Finance Minister Igor Matovič (OĽaNO) criticizes the proposal, as the state would lose €50-100m annually. At present, yields from securities listed on stock markets are exempt from income tax if held for at least a year. Mutual funds, in which Slovaks have invested €11bn, are not listed on stock exchanges. Holý wants to motivate Slovaks to invest in mutual funds that will use the proceeds to build rental housing.
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