TAXATION OF FINANCIAL PRODUCTS IN PERSONAL INCOME TAX. INTERNAL TREATMENT PRIOR TO THE VALIDITY OF THE TAX ON FINANCIAL TRANSACTIONS
TAXATION OF FINANCIAL PRODUCTS IN PERSONAL INCOME TAX. INTERNAL TREATMENT PRIOR TO THE VALIDITY OF THE TAX ON FINANCIAL TRANSACTIONS
Author(s): Antonio Vaquera GarcíaSubject(s): International Law, Financial Markets, Public Finances, Fiscal Politics / Budgeting, Commercial Law
Published by: Editura Hamangiu S.R.L.
Keywords: financial product; personal income tax; fixed income; variable income; banking operations;
Summary/Abstract: The verification of the tax treatment of the different figures offered to consumers in relation to financial products is of great importance for the purposes of the consequences derived from them. With this purpose in mind, the incidence on Personal Income Tax of various constituent elements of variable income, fixed income and the services provided of credit institutions is analyzed in this paper. In this manner, the peculiarities that this sector offers to taxpayers are revealed at the same time, the current situation is reflected before the entry into force out the so-called Tax on Financial Transactions, foreseen on January 16, 2021, which will affect the onerous acquisition of shares of companies resident in Spain and which will result in a greater charge for these operations.
Journal: Cluj Tax Forum
- Issue Year: III/2020
- Issue No: 4
- Page Range: 18-33
- Page Count: 16
- Language: English
- Content File-PDF