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Incorrect tax values #6

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skatanski opened this issue Apr 20, 2024 · 0 comments
Open

Incorrect tax values #6

skatanski opened this issue Apr 20, 2024 · 0 comments

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@skatanski
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First of all, thanks a lot for this useful tool, it was really helpful. I think it's worth mentioning that tax values calculated for stocks are not correct.

To calculate the value first we need to establish the base - which is going to be the incode rounded up or down depending on the decimal part. Only then we calculate 19%. Then the tax itself is also rounded up or down.

I do understand there's a disclaimer and any such tool should be treated with caution. However in case, someone was actually using the tool to fill out tax forms, its worth adding that:

  • custody fees can be treated as cost
  • the tax amount rendered by the tool is not a final tax amount to be put in the tax form. It should be correctly processed before that
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