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Government to Levy 25% Tax on Share Capital Gains

The government plans to raise the capital gains tax on profits from the sale of stock exchange investments from the current 0% to 25% next year, Finance Minister Tibor Draskovics said Friday.

The government's aim is to bring the rate of taxes on income from capital investments closer to the rate of taxes on income from labor.

The government also intends to raise the rate of the withholding tax on dividends from 20% to 25%, Draskovics

(BBJ 27.ix.04)

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