According to the new investment account law, the account can now be opened in institutions other than just banks. In addition, the circle of financial instruments where it is possible to invest money is expanding, said Elo Haugas, adviser of the tax policy department of the Ministry of Finance.
“The purpose of the investment account is to make life more comfortable and make it more flexible, because life has moved on in the meantime,” said Haugas in the morning program of Äripää radio. “The law is in some ways behind the times, so it doesn’t allow all the things that a completely normal investor already uses.”
The official also talked about the dangers of the new law and what taxes still have to be paid on.
Interviewed by Martin Teder.
The old investment account law stood up to the times
Source: www.aripaev.ee
