Example: Income obtained from participation in the own funds of any entity
Don LHL In fiscal year 2022, he received the following returns due to his status as a shareholder of certain listed companies.
1. From the company “Alfa, SA ", you have received the following amounts:
2. On February 10, 2022, a 10-year temporary usufruct was established in favor of the entity "Beta, SA " over a package of shares of the company "Gamma, SA " for a total amount of 21,000 euros, which will be received in installments at a rate of 2,100 euros on February 13 of each of the respective years of duration of the usufruct.
For the service of administration and deposit of the shares, the credit institution has charged you 31 euros. Determine the amount of the computable net income and the withholdings borne.
Solution:
Company "Alfa SA ":
Usufruct Constitution:
Total full income (1,020 + 300 + 2,100) = 3,420
Deductible expenses = 31
Net income to be integrated into the savings tax base (3,420 - 31) = 3,389
Notes to the example:
(1) The receipt of fully paid-up shares does not constitute a return on capital. The tax treatment applicable to the receipt of fully paid-up shares (of securities admitted to trading) is discussed in Chapter 11 of this manual.(Back)
(2) The withholding rate applicable to income derived from participation in entities' own funds for fiscal year 2022 is 19 percent.
Consequently, the withholdings supported were the following: