Valuation rules for shares and interests in the share capital or in the equity fund of Collective Investment Institutions (Investment Companies and Funds), not traded on organised markets

The valuation of shares and interests in the share capital or in the equity fund of Collective Investment Institutions not traded on organized markets will be carried out by their net asset value on the date of accrual of the tax , valuing the assets included in the balance sheet in accordance with the rules included in their specific legislation and the obligations to third parties being deductible.

To facilitate the correct application of this valuation rule, entities are required to provide their partners, associates or participants with a certificate stating the valuation of their respective shares and interests.