Tomorrow triggers the rate increase on financial income from 20% to 26%. Interests are interested on current accounts, on savings deposits but also on actions, bonds, Mutual funds, repo and some categories of life policies (the units and index linked). Government bonds and postal savings bonds are excluded, on which the rate remains at 12,5%.
The tax rises slightly pension funds and Pip (Individual pension plans), which goes from 11 to 11,5%. However, the return already accrued before the change in taxation will be considered. In other words, the portion of interest relating to the first half of 2014 will be taxed at 20%, while that of the second half will be subject to the new taxation of 26%.
Similar treatment for returns guaranteed by bonds, while for i dividends the moment in which they are paid will be taken as proof, again with regard to 2014 (as well as for the redemptions of mutual fund shares). Since 2015, we have moved entirely to the new taxation.
For capital gains on securities (shares, bonds and derivatives) there is still one more choice, that is the liberation, a procedure that allows you to take advantage of the old rate for the payment of tax on capital gains accrued by 30 June.
To use it, you must request it by 30 September 2014, provided that no movements have been made within the dossier between 30 June and the date of the request. Another constraint is the fact that the procedure will apply to all titles in the dossier without the possibility of selection.
However, this is an optional procedure, which allows you to choose that 20% be immediately withdrawn for the portion of earnings accrued up to 30 June 2014 even if the securities have not yet been sold. When they are subsequently sold, a 26% tax will be paid only on the part accrued after 2014 July XNUMX.
In general, however, today is the last day to take advantage of the old legislation: a circular from the Revenue Agency specified that for contracts entered into by midnight today the 20% rate applies, regardless of the payment date.
