You can withdraw assets at the end of the third year, which is the end of Holding Period 1. By declaring your intent between December 1st and 30th, you can make partial or full withdrawals on January 1st.
You can modify your declaration multiple times during this time. A new declaration overrides the previous one. If the assets requested for withdrawal are not available on December 31, the requested withdrawal will not be executed, and the assets will remain in the TBSZ. For the returns of the amount withdrawn, you will be liable to pay 10% personal income tax. TBSZs opened after 2024 December 31 are subject to an additional 8% social contribution tax ("szochó").
If you withdraw assets before the end of the third year (within Holding Period 1), the account will be terminated, and you will be taxed at the standard, 15% tax rate on the returns. If your account was opened after 2024 December 31, you will be taxed at an additional 13% on the returns.
If you withdraw assets after the end of the third year, but before the end of the fifth year (within Holding Period 2), the account will be terminated, and you will be taxed at a reduced, 10% tax rate on the returns. If your account was opened after 2024 December 31, you will be taxed at an additional 8% on the returns.
Additional Information
Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future.