CFD brokers or exchanges do not perform as a tax agent, so the client pays for himself all taxes and fees that arise when the client receives profits from trading operations without any participation of the company.

That means that the client has the liability to pay taxes on his own.

According to the legislation of the Russian Federation (Chapter 23 of the Tax Code, “Tax on income for individuals”) tax on personal income for residents is 13%, for non-residents – 30%.

In this case, it should be noted that the tax base, which can confirmed, is a bank account balance.

The tax base and trading account balance are not the same thing, tax base is only the profit that a customer brings to his bank account.

However, if you make a withdrawal from the trading account and transfer to a bank account a sum less than you have originally credited to the account, that means, that the balance is negative, so the object of taxation is absent, until the balance will not be positive.

The tax base should be described in the tax statement, which should be served not later than April 30 of the year following after the expired tax period.