Material benefits are often equated to income received from the sale of goods, the sale of property, the purchase of securities. But this is far from the case. Material benefit is savings on interest on a loan or loan that were received from individuals or legal entities, this is the purchase of goods under a civil contract from related parties, this is the purchase of securities at a price that is several times lower than the market price.
It is necessary
- Calculator
- Notebook and pen
Instructions
Step 1
Define the material benefit in terms of savings in interest. The material benefit in terms of savings in interest is calculated as 3/4 of the refinancing rate. To date, the Central Bank has set the refinancing rate at 8%. Thus, the minimum material benefit can be 8% * 3/4 = 6%. In other words, if an individual draws up a loan for 6% or less percent under the contract, then he has material benefit.
Step 2
Determine the material benefit from the purchase of goods. The material benefit, which is expressed in the form of the purchase of goods under a civil law contract from related parties. In other words, if the subordinate buys from his boss, the wife from her husband, the guardian from the ward, the adoptive parent from the adopted product, the price of which in the contract is much lower than the market price, the buyer has a material benefit. For example, a subordinate bought a video camera from his boss for 6,000 rubles. On the market, such a camera costs 9,000 rubles. On the face of a material benefit, equal to:
9000 - 6000 = 3000 rubles.
For the received material benefit of 3000 rubles, the subordinate is obliged to pay personal income tax in the amount of 13% 3000 * 13% = 390 rubles.
Step 3
Determine the material benefit from the purchase of securities. The material benefit obtained from the purchase of securities, whose price is several times less than the market price, is calculated as the difference between the average price of the securities and the price at which the buyer bought them. The legislation establishes that such boundaries of material benefits should not exceed 20% up or down. It must be remembered that material benefits, regardless of how they were acquired, are subject to tax. The tax is charged on the date of purchase of the material payment and must be paid within the time frame indicated by the Tax Code of the Russian Federation.
