Long thought as yet to present you this article, so there was no "extra" issues and attempts to involve you for tax evasion, with profits on the forex market, so if you want me to what I say " paying taxes is not necessary! .. ", then of course you're wrong! ..
Paying taxes is necessary (!), But do not argue that earn the most profit in the forex is not so easy and such traders who profit consistently, not so much, so that the article will be useful only slightly, although interest in it think will be present at many ...
And considering that the money in the forex gets very hard work: both psychological and mental, then of course many traders raises the question: "For what to pay taxes, and so I constantly risking their own money, I have no one taught the trade, I myself ran into reefs, lost money, paying for training, I work through the Internet, and here and taxes ??? "
I agree that sometimes it is very disappointing and I is no exception, but such are the laws of your country, you get the profit from operations - pay taxes and there's no getting around it. Yes, you can try to evade taxes and fastest you no one will notice if the amount you print infrequently and not very large, but if the profit on forex - is a constant of your income, then it is better to pay taxes and "sleep"!
In this article we will look at in which case you should do and what suschestvuyutsposoby reduce taxes (and legitimately), including in some cases they can not pay for any reason.
First of all, it should be remembered that the tax paid in forex essentially only of profit:
As far as I know, the profit received from operations with trading the financial markets and forex including taxable - 13% - 15% of the profits (for Russia and Ukraine respectively). Paying tax is a profit for the year and on this you need to submit a declaration to the tax service.
I agree that the percentage is not small !!! Earned "blood and sweat" $ 10,000 for the year 1300-1500 dollars give ...
Now about the actual procedure for payment of taxes on forex:
First of all you need before opening a forex trading account to find out if your broker pays taxes forex for you or you need to pay tax when removing the profits yourself?
If the broker pays to itself, then you should not worry about it - you will get the amount in your account, less tax ...
If you do not pay, then of course you need to decide whether you want to do to pay taxes at the end of the year or try to reduce his percentage, or even will to evade taxes (But immediately warned - it is at your own risk, I do not in any it is not recommended) ... in such cases still need to find out: whether the broker submits reports on your account in the tax!
1. It is already paying taxes when you withdraw money from internet! That is, you get them as real money on hand or bank account to your bank in the country (in any currency).
If you get them as cash (in the exchanger webmoney, for example, or make friends with a mutual exchange), then it is your right to pay or not.
This issue is very important formulation of the receipt of payment and form of obtaining money!
If the money is still coming to the bank, and the phrase "Forex", "Financial Markets" in payments does not appear, then the tax rate may be different, for example below (if you want it of course).
The options are:
1) You can pay monthly common minimum tax, a tax on the activities of the Internet (but for this you need to register as a PI or PE): freelance, information business and etc., but no matter got you income this month or not! So how to check what you really do on the Internet is not as easy (if you do not check your e-wallet). And if the money is received from your electronic purse and it's just withdrawal and "Forex" is not present anywhere, it is difficult to prove that this is not so.
2) the best course to consult with accountants on this issue and I think they definitely something you will tell us how to reduce the tax rate.
2. If you are an individual entrepreneur or employed (in Ukraine), it is better to pay taxes!
If only a single tax on any kind of activity related to the Internet and to sleep peacefully - described in detail in paragraph (1) ...
Do not forget about the wording of option payments and cash withdrawal (eg cashing through the exchange offices).
3. Withdraw profits to the bank account: to make a profit from financial transactions in the Forex or any other financial market (the wording of payment with such emphasis and payment is received from a legal entity).
When will appear the phrase "Forex", and etc., you are already covered by the payment of tax on the profits of 13-15% !!!
4. Profit shooting time - increases the chance to be better monitored, and in such cases do not joke with the tax.
5. Conclusions large sums and again the same - constant (same).
6. If your bank submits reports to regulatory authorities on the movement of money in your account or card.
When it is possible to postpone the payment of taxes or do not try to pay them (at your own risk):
1. Your Forex Broker done it already for you when withdrawing money - definitely do not pay!
2. They took the money only on the e-wallet and not to cash the money and spend on the Internet (again, if you do not live in Russia, and electronic money does not equate to the usual law of money).
3. They took no gain, and the account balance or loss of your trading for the year greater profits and they documented. And these documents will be sufficient to prove that you did not receive profits.
4. They took the money to Payoneer card and cashed at any ATM in your country or abroad (the reason explained in the previous article about cashing out money from forex).
5. You may withdraw money at the bank card of the country of residence, you are not. But another question is how you will feel when storing money in a bank of another country .. Himself so probyval to do, but I think it is quite logical (for example - offshore, Swiss bank accounts etc)?.
6. It is certainly possible to transfer money on your bank card (Visa or Mastercard), but it is desirable that the amounts were not particularly large, and only in that case, if the bank does not submit reports to the tax without your knowledge - it is necessary to clarify this point (!) (since I know that the bank is obliged to submit information about the flow of funds on your card only by court order, and in other cases, no!) + wording payment should smack in the transfer of personal funds!
And note that shoot better amount in such cases is through electronic payment systems (such as Webmoney + then tied him your bank card) - the reason: the formulation of a payment does not give you money as the money received from the forex trading (as for example " Returns ... ") + this operation is not related to business activity! Example, see below:
That's all I wanted to say about taxes from payments received when withdrawing money with forex ... I do not think that I opened my eyes to something new over, but all I know - described.
I repeat: I certainly do not encourage anyone to avoid taxes !!!
Paying taxes is desirable and this will allow you the same "sleep"! Especially if you are a successful trader and do not want to burden yourself with unnecessary problems and so it is difficult to make money.
Just want to clarify that this situation is valid at the time of this writing, over time, I think the situation will in any case lead to the fact that income received over the Internet anyway be monitored. So the question is not paying taxes - this is only a temporary phenomenon.
And of course interested in the opinion of each of you about taxes? Maybe someone knows better than I do in this matter, or is constantly faced with similar situations. So grateful for the good advice and comments from your side.
I do not know for Russia, but for other countries, these schemes will work (we do not have the law on electronic money - for now ...)
