Earnings from shares

Earnings from shares

 

Question:
Hello!

I want to buy shares in an online platform and I am aware that the profit must be reported to the NRA.

My question is: since I want to invest in the long run, when the price of the shares rises, without selling them and making a profit, am I obliged to declare this price increase and to be subject to some taxes. From this case is the next issue related to dividends from shares. After receiving dividends and reinvesting them, should they be declared and is there a tax on them? From all these things it is clear that I will not be able to have this money and it will just be an investment that will be in 5-6 years. Is there an option at the time of withdrawing the money to declare them.

Thanks in advance!

 

Answer:

Hello,

If you operate, as an individual, with the shares in question, you must declare income from dividends received, as well as any realized profit from the sale of shares. Both circumstances are declared and the respective tax due is paid (10% on profit from the sale of shares and 5% tax on the dividend received). Please note that depending on the Broker / Platform you use, when receiving a dividend from shares, you may be deducted tax on the dividend. If the withheld tax is less than 5%, you must make up the difference to 5%.

The change in the share price does not lead to profit or loss. This simply reflects the value of your assets.

We hope we have been helpful to you.

Greetings!