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Taxes and Forex
Noticed that topics relating to payment of taxes received as a result of Forex trading profit, is very popular on many forums. Not very convenient that when expressed interesting views in these topics, then in time, the reader will find nothing but flooding. Constant communication between the new visitors of branches and similar questions leave the situation with taxes on Forex is not clear for most of those interested in the topic. In this article I'll try to explain what I know, what is more probable, as well as just personal considerations.

Let's start with the fact that the law about Forex in Russia yet. So often talking about the lack of regulation of the Forex. In fact, the interest of the state to the foreign exchange market. In the middle of 2011 was marked by the need to engage in the creation of a number of laws and regulators of the Forex trading. Then there was only some suggestions on how should look currency trading in Russia. Indeed, the law on the amount of tax on the profit obtained as a result of trade, no. At the same time, nobody cancelled article 229 of the Tax code of the Russian Federation.It says that every citizen has until April 30 to submit a Declaration of unaccounted income in the previous year. Of course, that the profit made in the Forex market, is the income of individuals. Thus, people must pay a tax of 13% of the profits.

The situation is somewhat different if the brokerage company through which a trader is tax agent. In this case, the organization will withhold the funds necessary to pay as income tax. Such companies in Russia is very small, and therefore, in most cases, the man will be obliged to enter the data in the Declaration. Perhaps even a happy trader the lack of a specific law on the tax on Forex. During a discussion in the summer of 2011 was called the indicative interest rate. Then a proposal was made to the income tax with a trade in the amount of 20%.

Forex traders and taxes

Of course, paying taxes is a civic duty of every human being. To pay them, as it is necessary for the development of the country. But let's see how the government controls the issue of taxes from trade. First, let's say that the vast majority of brokers and broker is a company registered in the offshore zone. Thus, no relation to the Russian tax they have not. The data about profit of clients in tax authorities in Russia they are also not served. Thus, no one knows that trader has earned and there is a particular person at all currency speculator.

This situation means that people in General are not registered anywhere as a trader, information about his work there only in the offshore companies, and they do not have to share information with tax authorities of any country except that in which they are registered. By the way, in some country organizations pay a certain amount of money per year in order to report his income. It's perfectly legal and is used in countries for attracting foreign companies and their capital.

Printing money

Then it all depends on the withdrawal method of the broker company funds. The most common way is a Bank transfer. Such payments are monitored by the Bank. They have a special order, relatively large amounts (more than 10,000 USD). Reported in the first place to check, sponsor of terrorists or foreign countries. Bank employees can transmit information to the tax to take into account this transfer. As a rule, such information is passed or when a large single translation, or at small sums, regularly sent to the Bank customer. With Bank cards, the situation is similar.


Not rarely have the opportunity to withdraw profits through the electronic system, for example, Webmoney, Yandex money and so on. In this case, it is possible not to confirm the identity of the owner of the purse. Another issue is that to do with the received units. If they are displayed on the map, it is likely to be relevant all the information written above.

In most cases, the exchange virtual money for real, in a note to the account or the customer's card exchange writes that the transfers of funds obtained through the sale of securities. So, the titular characters, for example, Webmoney, are classified as securities. This means that people give their virtual characters, and in return receives a transfer to a Bank account or a card with a note that the money from the sale of securities. In this case, the recipient is required to pay the appropriate tax at the rate of 13%.

Forex, tax, and withdrawals

It turns out, everything about Bank cards and accounts is easily accessible information to interested bodies. But, as most of us are conscious, it does not matter, because we still pay taxes. If to dream a little, we can assume that the exchange of title units for cash generally is a interesting option. There are also many cities exchange offices, as well as just interested in purchasing virtual money people.A trader could theoretically make a transfer on a purse of the company/person the same Webmoney and withdraw from the organization cash.

There are more cards that are open in banks located in offshore. Some brokers offer to buy them for a more comfortable interaction between the company and the client. Card opened in the name of the person, and usually on the company and is its property. Pay her as you would any card. Visa, MasterCard – ATM willing to give out cash and keep a Commission. Of course, service and Commission these cards are not the cheapest and low, but some people see the sense of becoming owners of these pieces of plastic. In any case, the trader is obliged to pay income tax, but because it makes no sense to cheat and come up with options and combinations. It is easier to pay 13% from the received profit and live in peace.

Category: Forex | Added by: (06.11.2017)
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