Who pays tax on transactions

The broker calculates and withholds Personal Income Tax (PIT) on profits from transactions and then remits it to the state budget.

You need to pay taxes yourself in several cases:

• if you did not have sufficient funds in your account to pay the tax in January of the year following the reporting year
• if you received coupon payments from a foreign company
  
• if you received income from exchange rate differences

How transactions are taxed

After the end of the tax period, the broker withholds Personal Income Tax (PIT) from the client's available funds. The broker may also withhold tax from funds blocked on the FORTS derivatives market as collateral. Usually, Uralsib Broker specialists warn about this and suggest funding the account in advance for the amount of tax

How dividends or coupon payments are taxed

Coupon payments and dividends are credited to the account net of tax