What is the asset management service?
Management of portfolios which contain one or more financial instruments is the management of assets deposited on the Client’s account by our licensed investment advisors, in accordance with an individual strategy agreed with the Client. The service is offered to institutional clients * with assets worth minimum PLN 100 milion.
One of the biggest and most renowned investment teams in Poland
Over 20 years of experience on the financial markets
Security and control
Individually agreed terms of cooperation, including the investment policy, the benchmark and the depositary
Reports adjusted to the Client’s individual requirements, access to information and operational support
Information about the client’s tax obligations
Santander TFI S.A. is not authorised to provide tax advisory services, therefore, the information presented below has been prepared only for the purpose of notifying the clients about their general tax obligations related to the asset management service.
Due to the fact that the tax obligations depend on the individual situation of each client and the country in which the investments are made, Santander TFI S.A. informs that in order to identify the detailed tax obligations clients should seek advice of the tax authorities or licensed tax or legal advisors.
Tax on dividend
The Corporate Income Tax Act imposes a 19% flat-rate income tax on dividend and other types of profit-sharing income attributable to corporate entities whose registered office or management body is domiciled on the territory of the Republic of Poland (residents). The flat-rate tax is charged by the payer. The dividend income and the income from other types of profit-sharing arrangements attributable to corporate entities cannot be adjusted for any income-deductible costs.
Santander TFI S.A. prepares and regularly updates general tax information which is published on the company’s website.
* professional clients within the meaning of §2 item 22 of the Regulation of the Minister of Finance on the methods, procedures and terms of conducting business operations by investment fund management companies (Journal of Laws 2013 item 538, hereinafter referred to as the “Regulation”) and retail clients within the meaning of §2 item 23 of the Regulation who in relation to the conducted business operations have entered or are planning to enter into an asset management agreement with TFI.
* professional clients within the meaning of Art. 2 item 13 a) of the Act of 27 May 2014 on investment funds and management of alternative investment funds (Journal of Laws 2014.157, as amended thereafter) (hereinafter referred to as the “Act”) and retail clients within the meaning of Art. 2 item 13b) of the Act, who in relation to the conducted business operations have entered or are planning to enter into an asset management agreement with TFI.