According to the legislation in force, the tax on income obtained by individuals from the transfer of securities, carried out through BT Capital Partners as an intermediary, is calculated, withheld at source, and transferred to the state budget by BT Capital Partners, the tax thus withheld being the final tax.
The tax rate varies depending on the period of ownership of the securities, as follows:

(i) The 3% rate applies to gains realized from the transfer of securities that were acquired and disposed of in a period exceeding 365 days, inclusive

(ii) The 6% rate applies to gains from the transfer of securities that were acquired and disposed of in a period of less than 365 days

Income from the holding and transfer of financial instruments certifying the public debt of the state, as well as of administrative-territorial units (e.g., government securities, municipal bonds), regardless of the market/place of trading where the transaction takes place, are non-taxable income.