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Deposits, fixed terms, stocks and bonds: which investments reach financial income and when should they pay



Regulation Income tax and the famous "Financial Income Tax" This is the instrument that ultimately determined the tax, which, in our opinion, is doomed to failure.

In all cases we are talking about income tax.The same thing that taxes employees in relation to dependency, professionals, rent and reform income, obtained by:

– bank deposits, government securities, negotiable liabilities, units of mutual investment funds, financial trust debt securities and similar contracts, bonds and other securities, in national currency without reservation: five percent (5%),

– bank deposits, government securities, negotiable liabilities, units of mutual investment funds, financial trust debt securities and similar contracts, bonds and other securities, in national currency with adjustment clause or in foreign currency: fifteen percent (15%),

As you see These definitions contain almost all the “investments” that a person can make.
From this classification it should be understood that all fixed conditions were found in a bank deposit, which today are the most popular investments due to their simplicity and the absence of the need for subsequent actions necessary to place funds.

As an important moment we must take into account that there are financial instruments, such as fixed conditions, which are signed by the UVA, which will be taxed at 15%, because they have an adjustment clause, as well as those that use a variable, such as CER,

From the profit obtained by these instruments, both in pesos and in dollars, one should deduct a special deduction equivalent to the non-taxable minimum, which for 2018 for this type of sum income is $ 66,918, That is, that which exceeds this amount will be taxed at a rate of 5% or 15% if it is signed or not with the correction clause,

On the other hand, it is important to remember that Anyone who receives this type of income must submit a written statement. Like the rest of the income tax payers, AFIP will still have to be regulated, but we understand that this will be in June 2019.

Those who will not pay tax in 2019 are those that elegantly in the last article of the Regulation were excluded by the executive and that relate exclusively to income, which, according to the previously announced classification, comes from the purchase of government securities and negotiable liabilitieswhose taxpayers may, at their own choice, affect the interest or income of the fiscal period of 2018 on the calculated value of the collateral or liability that generated it, in which case the aforementioned value should be reduced by the amount of interest or income affected.

Thus, a kind of “sale and replacement” is created, compensating and postponing between the work of the tools and the result recorded by the purchase and sale.

In other words, this means that if a person acquires a public title of up to 1,000,000 US dollars in 2018 and sells him up to 500,000 US dollars in the same year, he must have a loss of 500,000 US dollars and a specific loss (which can not be used against other rent).

From this last article, if interest in the amount of $ 200,000 was charged per year, then instead of paying 5% or 15% (depending on the type of name), they can be applied to the value of the goods. In this case, the cost of goods rises from 1,000,000 to 800,000 dollars, and the loss is no longer 500,000, but 300,000 dollars.by avoiding the payment of stamp duty for accrued interest.

Sasovsky – tributarist and CEO of Sasovsky & Asociados


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