Article Tools

Constitutional Court Cancels Starting Date of New Capital Gains Tax

Published: June 24, 2011; 12:06 · (Vindobona)

The Court has no objections to the new capital gains tax itself. Only the starting date for automatic collection by the banks was declared unconstitutional.

Constitutional Court Cancels Starting Date of New Capital Gains Tax / Picture: © Flickr

The Constitutional Court has ruled that the October starting date for collection of the capital gains tax on securities, which has been applicable since the beginning of this year, is unconstitutional. This was announced at a press conference on Friday. The complainants’ other objections to the tax were not confirmed by the judges. 14 banks had filed a complaint at the Constitutional…

This article includes a total of 187 words.

or Log In