KIS applies the policy of personal income tax deduction from stock trading

Based on the Decision numbered 08/2011/QH13 dated August 06^th 2011 about the additional solutions of tax to release difficulties for firms and individuals and encourage the economy in 2011, and based on the Documents numbered 10790/BTC-CST dated August 12^th 2011 of the Ministry of Finance about the implementation of National Assembly’s Resolution, KIS would like to make announcement as follow:

1.       About the personal income tax of selling stock

• KIS temporarily deducted 0.05% for listed stock trading instead of 0.1% applied before from September 02^nd 2011 to December 31^st 2011.
• 50% of the trading tax from August 01^st 2011 to September 01^st 2011 will be refunded to the investors’ trading account after the issuance of Tax guideline

2.       About tax of cash dividend

The issuer has the responsibilities to deduct before payment, therefore:

• If KIS receives the after-deduction payment from VSD or Issuer, KIS will then pay for the investor the exact amount that VSD/ Issuer transfer to KIS.
• If KIS receives the before-deduction payment of joint stock banks, financial investment funds, credit institutions, KIS will automatically deduct 5% of the payment and kept in the Company. The remaining (after deduction) will be transferred to the investors (applied since September 01^st 2011). For the dividend payment of other firms from August 01^st to 31^st 2011, KIS will refund to the investors’ trading accounts after the Tax Department’s issuance of guideline.

For more information, please kindly contact the Depository Department at 08.3914 8585 (Ext: 3)