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The UK tax office (HM Revenue & Customs) has included the NASDAQ OMX Tallinn Stock Exchange on its list of markets where investing and trading is more advantageous and hence also more attractive for the UK investor in terms of taxation.
"The inclusion of the NASDAQ OMX Tallinn Stock Exchange on the favoured stock exchanges list is recognition by the UK of the Estonian securities market. This will allow UK investors to trade in securities quoted in Estonia under a more advantageous tax regime. My belief is that as a result of the decision by their tax office we are going to see more new and active foreign investors on our local securities market," Andrus Alber, Chairman of the Management Board of the NASDAQ OMX Tallinn Stock Exchange, commented on the decision.
Since 5 May this year, the UK tax office has included the regulated market of the NASDAQ OMX Tallinn Stock Exchange on the list. The First North alternative market is not included on the list, as a more advantageous environment may apply to regulated securities markets only. Previously, the Stockholm, Copenhagen, Iceland and Helsinki stock exchanges have already been entered on the favoured list. In the Baltic countries, the NASDAQ OMX Tallinn Stock Exchange is first to have made the list.
All of the stock exchanges on the favoured list may be found at www.hmrc.gov.uk/fid/rse.htm.
