Query by John S: Is trading on Foreign exchange commodities or securities? Tax query!?
I am going to be having to pay earnings tax for the first time on some small earnings I produced trading EUR/USD on the Foreign Exchange. I need to have to know if this type of trading is regarded “commodities”, subject to the 60/forty (23%) rate, or if this is deemed “futures”, and consequently 35% price.
Response by putloor
All profits should be taken as company cash flow and successful calculation must be created.
What do you consider? Answer beneath!Tags: Commodities, Exchange, Foreign, query, securities, Trading