Income from movable capital generates obligations for the companies that pay them.
Certain income paid to subjects of personal income tax (natural persons) are classified as income from movable capital.
The return on movable capital may seem, at first glance, to be a concept far removed from the business reality, rather related to individuals. In a certain sense this is true, but companies have important obligations as payers of income.
Furthermore, it is not only important to know when a withholding will have to be made or a model submitted . It is also necessary to take into account the obligations czech republic email list of the collector , who is the counterparty with which the company wishes to maintain a fluid relationship.
Start of marked textTWEET IT! Income from movable capital also affects companies. Take note of the obligations it creates!End of marked text
What are the returns on movable capital?
The Personal Income Tax Act does not provide a definition , but rather lists the incomes that are classified as income from movable capital. Furthermore, its regulation is not uniform either, since it establishes specific rules for each category and not all of them are taxed on the same taxable base. Some are savings income, while others are part of general income. This is very important, since the percentage of taxes paid by the taxpayer depends on it.
You must bear in mind that these incomes are classified as income from movable capital depending on the collector . It is common for similar payments to be made to companies or other taxpayers of corporate tax. In that case, we would no longer be talking about income from movable capital, but rather about another income that the collector must include in his accounting result. In addition, he must take into account the corporate tax regulations to assess whether an off-accounting adjustment is appropriate.
On the other hand, the consideration obtained by deferring or splitting the price of transactions carried out by a natural person in the course of his or her usual economic activity is not income from movable capital. It will form part of the income from his or her economic activity .
Types of returns on movable capital
The Personal Income Tax Law lists the following categories:
Income that, in general, forms part of savings income
There are three types :
Income from participation in equity . For example, dividends, but there are others such as the distribution of the issue premium or participation in profits that are not income from work.
Returns obtained from the transfer of own capital to third parties . This refers to interest on debts of various kinds. This also includes implicit returns related to assets related to the transfer of own capital to third parties.
Income from capitalisation operations, life or disability insurance contracts and income derived from the taxation of capital . In this section, the aim is to offer preferential tax treatment to certain insurance policies that are redeemed in the form of an income after many years.
