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Practical manual for Income Tax 2023.

Determination of net income

Net yield is determined by the difference between gross yields and the administration and deposit costs of negotiable securities.

The operations necessary to determine the amount of net income from movable capital that is included in the taxable savings base are represented in the following diagram:

(+) COMPREHENSIVE PERFORMANCE

  1. Interest and other agreed or estimated remuneration

    • Monetary remuneration : Full amount
    • compensation in kind: Valuation + Income on account not passed on
    • Estimated returns . In the absence of proof to the contrary, 3% for the year 2023 on the value of the assets and/or rights.

  2. Operations on financial assets (implicit returns):

    RCM= Alienation or reimbursement value - Acquisition or subscription value  

    (*) The amount of expenses and taxes inherent to said operations paid, which are adequately justified, is taken into account, without any withholdings or payments on account made being taken into account.

(-) ADMINISTRATION AND DEPOSIT EXPENSES OF NEGOTIABLE SECURITIES

(=) NET YIELD