• June 2019 CFA Exam Level III Results: Level III exam results are being emailed to candidates on 20 August 2019, after 9:00 a.m. ET. Email delivery service varies so we cannot guarantee an exact delivery time.

    Access your detailed exam result

Tax Policy

Tax shown on purchase receipt refers to tax collected by CFA® Institute and not necessarily tax due to state and local taxing agencies. Customers may be individually subject to tax for purchases where CFA Institute does not collect tax. Customers should contact their local tax adviser regarding the taxability of their online purchase if they are uncertain about their tax liability related to this purchase.

Residents of the United States

  • Residents of Georgia (GA), Illinois (IL), Iowa (IA), Massachusetts (MA), Nebraska (NE), New Jersey (NJ), New York (NY), Pennsylvania (PA), Texas (TX), Virginia (VA), and Wisconsin (WI) may be charged sales tax depending upon the taxability of the specific product purchased.
  • Colorado residents are liable for use tax for online purchases of taxable products and/or services delivered to Colorado. Please consult your personal tax adviser or the Colorado Department of Revenue for additional information regarding your use tax liability.

Outside the United States

International sales and conference registration fees may be subject to applicable VAT and GST.


CFA Institute Canadian business number for GST is 12413 4602 RT0001.


Chinese residents are subject to the Chinese value-added tax on exam-related fees, membership dues, and conference fees.

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