Taxes on earnings by binary options. If you started making money trading binary options, you will face the issue of taxes. Let’s try to deal with the questions: “Do I have to pay taxes on earnings from trading binary options?
Tax is a mandatory, individually gratuitous payment forcibly levied by public authorities at various levels from organizations and individuals in order to financially support the activities of the state
Starting to constantly withdraw money from a binary options broker, sooner or later you will face a tax dilemma. To date, there are no regulations regarding taxes on earnings from binary options trading.
In the Tax Code of the Russian Federation / Ukraine and other post-Soviet countries, there is no mention directly of taxes on binary options.
Why does this dilemma arise?
Binary options trading is based on financial trading, namely the purchase and sale of financial instruments. According to the law, this is an economic activity that is taxed.
Article 229 of the Tax Code of the Russian Federation obliges all citizens of the country to file a declaration of “unaccounted taxes” for the previous year. Also, according to Article 208 of the Tax Code of the Russian Federation, income received from sources in the Russian Federation and income received from sources outside the Russian Federation are subject to taxation. Income from binary options trading is income received from sources outside the Russian Federation and the personal income tax rate in this case is 13%.
Since there are no specific rules and laws, you need to send a request to the authorities before paying taxes. Since we met with a precedent when a trader was asked to pay a full tax equal to 33% for exchange transactions.
Please note that taxes are mandatory, and if you are a trader who constantly earns, you need to consider and evaluate all the pros and cons.
If everything is done correctly, your tax will be
only 13%,
which is not a lot and a lot.
The main thing is that if your profession is a trader, you will be able to sleep peacefully.
