Tema N° 3: Tributación del mayor valor en la venta de acciones

Marzo de 2009
6.3
Tema N° 3: Tributación del mayor valor
en la venta de acciones (Artículos
17, 18, 18bis y 18ter de la Ley sobre
Impuesto a la Renta).
%&4$3*1$*¶/
"DPOUJOVBDJÓOTFQSFTFOUBSÃOBMHVOPTFKFNQMPTEFMBTTJUVBDJPOFTNÃTDPNVOFTFOMBTDVBMFT
VTUFEDPNPDPOUSJCVZFOUFQPESÎBFODPOUSBSTF
45
JODMVJSMBTFOFM'PSNVMBSJP
ejempLo NuméRIco
3FOUBTPSJHJOBEBTFOMB7FOUBEF"DDJPOFTPCUFOJEBTQPSVOB1FSTPOB/BUVSBMRVFOPUJFOF
PUSBTSFOUBT
"/5&$&%&/5&4
BBDDJPOFTEF4PDJFEBE"OÓOJNB99DPNQSBEBTFMEFGFCSFSPEFBUSBWÊTEF
VOBDPSSFEPSBEFCPMTBFOMBTVNBEF
C-BTBDDJPOFTTFÒBMBEBTTPOWFOEJEBTDPOGFDIBEFPDUVCSFEFQPSJOUFSNFEJPEFMB
NJTNBDPSSFEPSBEFMBDPNQSBFOMBTVNBEF
D-BWBSJBDJÓOEFM*1$FOUSFMBGFDIBEFMBDPNQSBZMBEFWFOUBFTEFEFBDVFSEPDPO
MPTFÒBMBEPFOFMBSUÎDVMP/žEFMB-FZTPCSF*NQVFTUPBMB3FOUB
E-BWBSJBDJÓOEFM*1$FOUSFMBGFDIBEFWFOUBZFMEJDJFNCSFEFFTEF
F-BTBDDJPOFTUJFOFOQSFTFODJBCVSTÃUJMEFM
%&4"330--0
4F EFCF EFUFSNJOBS TJ MBT HBOBODJBT FTUÃO BGFDUBT B JNQVFTUP 1BSB FTUP EFCF WFSJàDBS MPT
SFRVJTJUPTEFMBSUÎDVMPUFSEFMB-FZTPCSF*NQVFTUPBMB3FOUB
4JDVNQMFODPOMPTJHVJFOUFMPTJOHSFTPT/0TFBGFDUBSÃODPOJNQVFTUPT
B-BTBDDJPOFTEFCFOTFSDPNQSBEBTZWFOEJEBTQPSJOUFSNFEJPEFMBCPMTBEFWBMPSFTQPS
JOUFSNFEJBDJÓOEFVODPSSFEPSEFWBMPSFT
C-BTBDDJPOFTEFCFOUFOFSVOBQSFTFODJBCVSTÃUJMJHVBMPTVQFSJPSBM
1BSB NBZPS JOGPSNBDJÓO DPOTVMUF FO XXXTJJDM TFDDJÓO -FHJTMBDJÓO OPSNBUJWB Z
KVSJTQSVEFODJB
r-FZTPCSF*NQVFTUPBMB3FOUB"SU/ž"SU"SUCJT"SUUFSZ"SUJODJTP
r $JSDVMBS /ž EF TPCSF $BMJàDBDJÓO EF "DDJPOFT DPO QSFTFODJB P EF USBOTBDDJÓO
CVSTÃUJM
r$JSDVMBS/žEFTPCSFOVFWPBSUÎDVMPUFS
r$JSDVMBS/žEFSFMBUJWBBMBOPEFDMBSBDJÓOEFMNBZPSWBMPSFOOJOHVOBCBTFJNQPOJCMF
EFJNQVFTUP
EjEmplo N° 3.1:$0.13":7&/5"%&"$$*0/&41036/"
1&340/"/"563"-4*/053"3&/5"
%&4$3*1$*¶/
6OBQFSTPOBOBUVSBMDPNQSBBDDJPOFTEFTQVÊTEFMBSFGPSNBEFMNFSDBEPEFDBQJUBMFTPDVSSJEB
FOMBTDVBMFTQPTUFSJPSNFOUFWFOEFy$ÓNPTFEFUFSNJOBMBHBOBODJBRVFPCUJFOF yEFCF
QBHBSBMHÙOUJQPEFJNQVFTUPMBHBOBODJBPCUFOJEB
coNsIdeRAcIoNes pARA su decLARAcIóN eN INTeRNeT
%FBDVFSEPBMPTBOUFDFEFOUFTFMDPOUSJCVZFOUFOPTFFODVFOUSBPCMJHBEPBQSFTFOUBSMB
%FDMBSBDJÓOEF*NQVFTUPTBMB3FOUB
&OMBFWFOUVBMJEBEEFRVFMBÙOJDBSFOUBPHBOBODJBTFPSJHJOFQPSMBDPNQSBZWFOUBEF
BDDJPOFTEFCFWFSJàDBSMPTSFRVJTJUPTRVFTFEFCFODVNQMJSQBSBDPOTJEFSBSFTUBTSFOUBT
DPNPJOHSFTPTOPBGFDUPTBJNQVFTUPTBMBSFOUBMPTDVBMFTOPTFEFCFOEFDMBSBSQBSBOJOHÙO
FGFDUPUSJCVUBSJP
-BJOGPSNBDJÓOTFÒBMBEBFTQSFTFOUBEBBM4**NFEJBOUFMBT%FDMBSBDJPOFT+VSBEBTEF3FOUB
RVFQBSBFTUFDBTPDPSSFTQPOEFBMB%FDMBSBDJÓO+VSBEB/ž
4JFMDPOUSJCVZFOUFJOEJDBEPQFSDJCFBEFNÃTPUSBTSFOUBTBGFDUBTBM*NQVFTUP(MPCBM
$PNQMFNFOUBSJPUBMFTDPNPTVFMEPTIPOPSBSJPTJOUFSFTFTFUDEFCFSÃDPOTJEFSBSMBTFOMB
CBTFJNQPOJCMFEFM*NQVFTUP(MPCBM$PNQMFNFOUBSJPTFHÙOMPJOTUSVJEPQBSBUBMFTFGFDUPTF
&OSFMBDJÓOBMPTBOUFDFEFOUFTNFODJPOBEPTEBEPRVFDVNQMFEJDIBTDPOEJDJPOFTMBHBOBODJB
OPFTUÃBBGFDUBBMPTJNQVFTUPTEFMB-FZTPCSF*NQVFTUPBMB3FOUBQPSMPDVBMOPDPSSFTQPOEF
FGFDUVBSEFDMBSBDJÓO
EjEmplo N° 3.2: $0.13":7&/5"%&"$$*0/&41036/"
1&340/"/"563"-4*/053"3&/5"4*/$6.1-*3"-(6/0
%&-043&26*4*504%&-"35±$6-05&3%&-"-&:40#3&
*.16&450"-"3&/5"%&5&3.*/¦/%04&-"&9&/$*¶/%&-
*.16&450¼/*$0%&13*.&3"$"5&(03±"
%&4$3*1$*¶/
6OBQFSTPOBOBUVSBMDPNQSBBDDJPOFTEFTQVÊTEFMBSFGPSNBEFMNFSDBEPEFDBQJUBMFTPDVSSJEB
FOMBTDVBMFTTPOQPTUFSJPSNFOUFWFOEJEBTTJODVNQMJSVOPEFMPTSFRVJTJUPTEFMBSUÎDVMP
UFS&MNPOUPBGFDUPBJNQVFTUPRVFEBCBKPFMMÎNJUFFYFOUPEFM*NQVFTUP¼OJDPEF1SJNFSB
$BUFHPSÎBFTUBCMFDJEPFOFMBSUÎDVMP/žJODJTPUFSDFSP
coNsIdeRAcIoNes pARA su decLARAcIóN eN INTeRNeT
%F BDVFSEP B MPT BOUFDFEFOUFT FM DPOUSJCVZFOUF OP TF FODVFOUSB PCMJHBEP B QSFTFOUBS MB
%FDMBSBDJÓOEF*NQVFTUPTBMB3FOUB
&OMBFWFOUVBMJEBEEFRVFMBÙOJDBSFOUBPHBOBODJBTFPSJHJOFQPSMBDPNQSBZWFOUBEFBDDJPOFT
EFCFWFSJàDBSMPTSFRVJTJUPTRVFEFCFODVNQMJSTFQBSBDPOTJEFSBSFTUBTSFOUBTDPNPiJOHSFTPT
OPBGFDUPTBJNQVFTUPTBMBSFOUBu
-BJOGPSNBDJÓOTFÒBMBEBFTQSFTFOUBEBBM4**NFEJBOUFMBT%FDMBSBDJPOFT+VSBEBTEF3FOUBRVF
QBSBFTUBTJUVBDJÓOQVOUVBMDPSSFTQPOEFBMB%FDMBSBDJÓO+VSBEB/ž
4FMFGBDJMJUBSÃVOBTJTUFOUFEF$ÃMDVMPQPS$PODFQUPEF&OBKFOBDJÓOEF"DDJPOFTFMRVFTF
FODVFOUSBEJTQPOJCMFFOXXXTJJDMNFOÙi3FOUBuPQDJÓO*OGPSNBDJÓOZ"ZVEBQBSBWFSJàDBSTJ
FMNBZPSWBMPSPCUFOJEPFOMBWFOUBEFBDDJPOFTTFFODVFOUSBBGFDUPPFYFOUPEFJNQVFTUP
1BSBDPNQMFUBSMPTEBUPTEFMBTJTUFOUFEFBDDJPOFTEFCFDPOUBSDPOMBTJHVJFOUFJOGPSNBDJÓO
B'BDUVSBEF$PNQSBZ7FOUB