[PIO] Obligation to pay 0.4% Central Equal Burden Sharing Institution Tax (C.E.I.C.B.) and Capital Gains Tax on the transfer of shares in a company

The Tax Department informs that, following the decision of the Tax Inspector to grant a reasonable period of time for the settlement of the obligation to pay K.F.I.K.B.0,4% without the imposition of interest and monetary charges (notice dated 21/11/2022), has proceeded to send letters to persons who during the period 22/02/2021 to 18/11/2022 have made a transfer of shares in a company which is the owner of real property.

The above letters request that:

I. by 31 October 2023, the necessary data and information be submitted to the Tax Department;

II. by 31 December 2023, the outstanding K.F.I.C.B.0.4.% without interest and charges. After this date, (a) interest on arrears (b) a 5% surcharge for payments up to 31/01/2024 and (c) an additional 5% surcharge for payments from 01/02/2024.B 0.4% and Capital Gains Tax, should submit to the local Provincial Offices of the Tax Department, the Declaration of Disposal of Company Shares (form TF 402) and pay the K.I.I.K.B 0.4% Tax and Capital Gains Tax. The 0.4% K.I.I.K.B. Tax is payable without interest and charges until 31 December 2023. The Capital Gains Tax is subject to interest from one month from the date of disposal of the property and charges and, if the relevant declaration is not submitted within one month from the date of disposal, an administrative fine.

(NG/SX)
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