If you are a trader who uses Plus500 to invest in the financial markets, it is important to understand how paying taxes on earnings made thanks to this online trading platform works. In this article, we will provide you with all the information you need to pay taxes on Plus500, answering the most frequently asked questions about the minimum withdrawal, commissions, administered regime and withholding tax.
Table of Contents:
Plus500 minimum withdrawal
The minimum withdrawal on Plus500 is 100 euros.
This means that in order to withdraw your earnings, your available balance must be above this threshold. Also, if you decide to make a withdrawal of less than 100 euros, Plus500 will charge you a fee of 10 euros.
Plus500 only charges commissions when trading CFDs (Contracts for Difference) on certain asset classes, such as stocks, indices and commodities. Commissions are low and are only charged when opening a position. Plus500 also does not charge any deposit and withdrawal fees.
Plus500 how it works
Plus500 is an online trading platform that allows you to invest in a wide range of assets, including stocks, indices, commodities, currencies and cryptocurrencies. To use Plus500, you need to register and open a trading account, making an initial deposit. Once the deposit is made, you can start investing in the financial markets.
Plus500 administered regime
Plus500 offers the possibility to operate under administration, or to delegate the tax management of the earnings obtained through the platform to an intermediary, such as an accountant. This way, you won’t have to worry about fulfilling your tax obligations related to your earnings on Plus500, as your intermediary will take care of it.
Plus500 is an online trading platform that is highly regarded by traders all over the world. Its intuitive interface, wide choice of assets to invest in and leveraged are just some of the benefits offered by Plus500. In addition, Plus500 is a safe and reliable platform, regulated by European financial supervisory authorities.
Plus500 withholding agent
Plus500 is required to collect taxes on the earnings of its customers residing in Italy. In particular, Plus500 acts as a withholding agent, i.e. it collects taxes on the earnings of its customers and pays them directly to the Revenue Agency.
How not to pay taxes on trading
It is important to remember that it is not possible to evade taxes on earnings obtained through online trading. Paying taxes is a tax obligation that must be fulfilled by all traders. However, you can minimize the tax you have to pay by adopting some legitimate tax strategies. For example, you can use the administered regime, delegating the tax management of earnings to an intermediary. In addition, you can deduct expenses incurred for trading activity, such as commissions paid to the online trading platform or professional training costs. In any case, it is always advisable to consult an accountant experienced in tax matters to receive personalized advice on the tax management of your online trading earnings.