Taxation
Taxation of Investors
The private pension system offers tax advantages that are not offered by any other investment instrument. Therefore, you may receive a tax deduction of up to 35 percent of your paid contributions. This advantage applies while contributions are used and when participants retire from the system.
If participant is a salaried employee, he/she may deduct paid contributions from income taxes. The deduction must not exceed 10 percent of annual income or the annual gross minimum-wage income. If participant file an annual income tax return, he/she may deduct the total amount of their paid contributions from taxes. The deduction must not exceed 10 percent of your annual income or the annual gross minimum-wage income, and contributions must have been paid in the income year.
Taxation of Fund
In accordance with the relevant articles of the Corporate Tax Law, all revenues earned by the retirement mutual funds as a result of portfolio management are exempted from corporate tax.
All papers issued by insurance and retirement companies and retirement mutual funds shall be exempted from stamp duty.

