Starting in 2024, personal income tax will again be withheld from income in the form of material benefits. Previously, there were profits if an investor bought a security at a discount of more than 20% to the market price, Vedomosti learned.
Material profit is defined as the difference between the market value of a security and the actual purchase price; the fact of the sale does not matter, explains Ksenia Pavlova, partner at B1.
The paper was purchased for 80 rubles with a market value of 100 rubles, the material profit will be determined as the difference between these indicators multiplied by 13%. You will have to pay 2.6 rubles to the state budget.
The purchase price will be determined on the day of signing the contract for the purchase and sale of securities, notes Irina Islentyeva, head of the tax consulting department at Yustikom, citing a letter from the Ministry of Finance from 2019.
The tax will begin to be deducted from the material benefit from the purchase of acquired securities in 2024, said Donat Podniek, partner in the tax and legal consulting department at Kept.
Individual income tax will also have to be paid by investors who bought assets at a lower than market price last year, but only paid for them this year. According to the lawyer, for such transactions the tax will be written off regardless of whether the securities are transferred to the Russian circuit or not.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
