Binary options control
Are Binary Options taxable? FragezeichenDie former categorization of trading binary options as a pure gambling has become obsolete. Binary options are clearly classified as high-risk financial products both to currently geltenem German law as well as by the tax authorities and are also treated. So it is clear why it comes to tax liability. Income from financial transactions such as stocks, bonds or klassisiche interest must be given in Germany. This means that traders have to pay on commercial profits tax. Emergence of the trading losses, this can be offset with proper procedure on the tax bill.
Binary options and taxes
Binary options are classified as a financial product
Thus, subject to trading profits tax
It attacks the capital gains tax of 25%
Losses can be Gegegngerechnet
You as a trader are responsible for paying taxes
Binary options and the capital gains tax
As a modern brand of derivative trade raises the German tax authorities since 2009, the so-called final withholding tax on capital gains from the Binärhandel. This is a flat rate 25 percent. The statement took the place of the formerly usual accounting of the personal tax rate.
For withholding tax, the solidarity surcharge of 5.5 percent joined. Point 3 is the church tax unless traders have to pay. She is currently depending on the state between 8.5 and 9.5 percent.
If traded on German or foreign broker?
First of all, the location of a Binary Options Brokers does not decide on its qualities, apart from issues such as deposit insurance and government regulation that are quite relevant for an accurate comparison. Traders who invest via the trading platform a broker based in Germany, do not have to independently take care of the removal of the tax. The legislator stipulates that German banks and financial service providers do the job automatically on behalf of their clients. To further facilitate.
However, customers of foreign brokers are responsible for this part of the tax return itself. In general, the gains are also payable. One difference is that taxes are not directly but only after submission of the declaration by and check paid by the tax office. This creates flexibility over time because profits continue to be available for trading until maturity. But these subsequent taxation does present a risk. Because pay traders either way, although profits made will be lost when the next trades again.
Treasury allows traders to offset losses incurred
Who from the merchant account on your own checking account transfers profits, but these withholds the tax authorities, is liable to prosecution. In this case it is quite simply an evasion. Similarly, to say that in addition to recovering possible losses are recognized in the tax return. This is done in the tax declaration of KAP to income from capital assets. In connection with the statement of account to the merchant account to the Authority may be proven that counted instead of the hoped profits annualized losses were incurred.
Gains and losses can be offset against each other. Stands out from a profit, this also serves as a flat tax-based. Losses are carried forward to the following tax year. Clever traders who trade on foreign brokers, the potential tax burden reserve directly in mind. Around one third of the rate of return will be due in all likelihood as a control. Traders who put their tax returns in the trusted hands of an accountant, are literally on the safe side.
Allowances note that the flat tax infoVon the inclusion of gains and losses aside, traders must be familiar on capital income equally with the currently applicable exemptions. For singles and singles, the law provides a so-called savings allowance in the amount of 801.00 euros. Spouse (and their legal equivalent couples) pay the flat tax only after reaching a threshold of 1,602.00 euros.