Card to card transfer tax

The content of the article

• Is card transfer taxed
• Payers and tax agents
• The tax base
• When personal income tax is not charged
• Relatives from relatives
• 13% tax on card transfers from unauthorized persons
• Personal income tax when transferring money between your cards
• Non-payment fines

Many citizens of Russia are concerned about the issue of withdrawing a commission for banking transactions. According to the laws of the Russian Federation, fees are not paid for all funds received. There are times when the tax for transferring money to an individual’s bank card is not charged. If you know the features of transfers, you can avoid fines from the Federal Tax Service (Federal Tax Service).

Is card transfer taxed

According to the current legislation of the Russian Federation, all incomes of individuals received in cash or in kind for the purpose of benefit are subject to tax.

There are situations when bank transfers are not considered profit, they do not pay personal income tax.

Russians can receive transfers that are not classified as taxable:

• debt repayment;
• cahsback for purchases;
• transfers from relatives;
• alimony;
• return of erroneous payment;
• receipts for sold property owned for more than three years;
• cash gifts;
• transfers of legal entities to your card;
• inheritance.

Payers and tax agents

Every working person is required to pay personal income tax on his earnings. Articles 19, 24 of the Tax Code of the Russian Federation (Tax Code) stipulate the basic concepts of the participants in this process:

• Payers – individuals and organizations on which the state has assigned the obligation to pay a tax charge. This also includes foreign entities operating in Russia..
• Tax agent – the employer. He must calculate, retain personal income tax and transfer to the budget of the country. Amounts received after deduction are transferred to salary cards. Therefore, transfers from legal entities or individual entrepreneurs in most cases are not subject to taxation.

The tax base

For some transfers, you still have to pay a fee. In such a situation, the purpose of the translation plays a role..

The tax is charged on the following revenues:

• The provision of services or the performance of work. In case of systematic receipt of transfers for commercial activities, it is necessary to register as an individual entrepreneur, pay 13% of income.
• Sale of property owned for less than three years. Deal to be declared, to pay personal income tax.
• Lottery win, also considered income.
• Other earnings. This may be the rental of housing, the provision of a loan at interest..

When personal income tax is not charged

According to Art. 217 of the Tax Code, there are about 80 points of income exempt from personal income tax. Their number changes almost every year – the grounds add or exclude.

Today, there is no tax charge for transferring money from card to card for the following types of income:

• wealth;
• pension accruals and social supplements to them;
• federal and regional compensation;
• payment for donated blood, milk and other assistance;
• scholarships;
• child support ordered by the court;
• maternal capital;
• prizes received at competitions or contests.

Relatives from relatives

Card transfers made between family members as a result of property or non-property relations are not subject to income tax. You don’t have to pay if the husband transferred the money to the wife or parents to the children.

A gift received by a grandson from a grandmother is not subject to tax, but you will have to make a declaration with explanations.

Among family transfers, there are exceptions that are taxable, for example, if the sister works for an entrepreneur brother. In this case, from the salary before its transfer, it is necessary to deduct personal income tax. If an employment contract is concluded, the brother, as an individual entrepreneur, acts as a tax agent.

13% tax on card transfers from unauthorized persons

The Federal Tax Service may be interested in the frequent receipt of money on a citizen’s account. These income include:

• sale of used items;
• service;
• renting an apartment, car, garage;
• tutoring;
• mediation.

With these funds you must pay the state 13%. It is possible to receive a transfer from outsiders that is not taxable. It can be money borrowed from friends or borrowed.

To confirm such payments you need to draw up a written loan agreement.

The law requires this to be done with a tenfold excess of the minimum wage, but it is better to protect yourself with smaller amounts in order to avoid tax claims.

If you don’t have to pay for money donated by friends and acquaintances, then the employer’s cash donations in excess of 4 thousand rubles are taxable. The accounting department of the organization should take care of the calculation and withholding of the fee..

Personal income tax when transferring money between your cards

Today, there are often situations when a person has several accounts or deposits with different banks. If he transfers money from one of his cards to another, there is no question of income, income tax is not deductible. No need to pay personal income tax when transferring money from an IP account to his personal card – the entrepreneur has already made all the necessary contributions.

Non-payment fines

There is still a tax on transferring money from card to card. If a citizen receives a payment for a service or a thing sold, he is obliged to transfer personal income tax from this amount.

Banks have the right to control the flow of money to an individual and report the results to the tax service, which will conduct an audit.

If such transfers are discovered and confirmed, the individual will be charged the full amount of tax and a 20% penalty will be added. The penalty will increase to 40% if the Federal Tax Service proves that the personal income tax was not transferred intentionally. In addition, you will have to pay penalties..