New Tax Rules Could Force Changes in Investment Funds

The decision to tax bank deposits of legal entities may force investment funds in the capital market to change track in their asset portfolios, Mohsen Khodabakhsh, the vice chairman of board of directors of the Securities and Exchange Organization said Monday. 
During the debate on the 2022-23 budget, the Majlis in February lifted a ban on taxing interest on bank deposits of legal and institutional bodies. 
“Because bank deposits constitute a segment of the asset portfolios of fixed income investment funds, the (Majlis) decision is a source of concern,” Khodabakhsh was quoted as saying by IRNA.