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    Amendment to the Taxation of Provident and Pension Funds Approved – The Framework for Institutional Investments in Real Estate, Infrastructure, and High-Tech Will Be Expanded

    The Finance Committee approved for second and third readings an amendment intended to align the tax provisions with the Capital Market Authority’s investment rules for provident and pension funds * Under the amendment, the funds will be able to invest in various assets at a higher rate than they have until now, without concern that they will be taxed * The amendment is expected to lead to more profitable and efficient investment of savers’ money in real estate, infrastructure, and venture capital funds
    EditorialBy 03 Mins Read