Taxation of dividends from investments
Posted on Nov 13, 2000 08:15:27 AM
The system of taxation of investments arranged simply enough, so the depositors, shareholders and investors should not fear that the state “obderet them as sticky” so even arrange a bunch of paperwork. Consider the scheme of payment of “tribute” to the most popular types of investment
Bank deposits
Typically, profits in the form of interest on bank deposits are not taxed. Indeed, the income derived from them are low, if you and taxes to pay almost nothing left. Pay taxes on deposits have only in the following cases:
If the bank rate on ruble deposits exceed the refinancing rate, which currently stands at 10,5%. Tax in this case is equal to 35% on all types of deposits (excluding retirement deposit for a period of not less than six months, by which the rate is 13%). But they will be taxed only the amount that arises from the “excess” interest rate. In other words, if you put 100 000 rub. One year at 11% per annum, then pay taxes 175 rubles.
Example calculation: 100,000 x (11% – 10,5%) = 500 rubles., 500 x 35% = 175 rubles.
Tax residents – are the citizens of the Russian Federation, foreign citizens and persons actually present on the territory of the Russian Federation not less than 183 days per calendar year. Non-residents – all the rest.
Tax base – the amount at which the tax is raised.
Tax agent – a person or organization that, according to the Tax Code, the responsibilities for the calculation and deduction of tax and remit taxes to the budget.
Dividends – part of the company’s net profit to be distributed among shareholders in proportion to the number and value of being in their ownership of shares.
If the interest rate on foreign currency deposits exceed 9%. As in the previous case, a tax falls “excess” interest. Rate is the same – 35%. That is, if you put U.S. $ 100 000 per year by 10% (such high rates on foreign currency deposits are rare, we call this number for more visibility calculations), the tax will amount to U.S. $ 350.
Example calculation: 100,000 x (10% – 9%) = 1,000 U.S. $ 1,000 x 35% = $ 350.
Tax agent who calculate, withhold and pay taxes to the budget on bank deposits, a bank. On the hand you receive a “clean” tax amount. That is why many banks, so as not to complicate their lives, offering deposit rate does not exceed the “tax-free.” Shares of mutual funds
Income from investments in mutual funds – if, of course, is – also taxed. Consider the key features of the taxation of mutual funds:
- Taxation of income on deposits deposits
- How the Mutual Fund
- Investments in mutual funds How to become a shareholder
- What is OFBU
- Dictionary investor in the securities market