Taxation of Financial Products

FUTURES AND OPTIONS

The remuneration obtained from futures and options contracts on stock or indexes of these stocks traded on the stock market is taxed in the IRS with an autonomous tax of 28%.


This income is considered a capital gain and can be included in the tax return of the taxpayer, with the withholding becoming a payment on account.


Note that if the taxpayer chooses to aggregate this income with all other accrued income, including them in the IRS declaration, the value is added to the remaining income to determine what is the applicable IRS rate.

If the resident taxpayer opts for aggregation, the negative balance between the capital gains and losses determined in a given year maybe be reported for the following five years and may be deducted from the income of the same nature received by the holder during those five years.

Where to declare?

If the income is national,declare it on Annex G, Table 13

Anexo G quadro 13

If the income is international, declare it on Annex J, Table 9.2B

Anexo J quadro 9.2b
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