Valuation rules for shares and interests in the share capital or in the equity fund of Collective Investment Institutions (Investment Companies and Funds), traded on organized markets

Shares and interests in the share capital or in the equity fund of Collective Investment Institutions traded on organized markets must be computed at their net asset value on the date of accrual of tax (December 31), 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.