Hello there, I recently received my first divided (WOOHOO!) from Bayer on Thursday. I got a deposit from Trading212 of €2.06. However, Bayer’s dividend for 2020 was €2.80/share, and the number of shares of Bayer that I own is 1. My question is: where did those €0.74 (which is ~26.43% of the origi…

I do not know about Spanish taxation. However, if it as with the UK then I would expect the German tax paid to be allowable as a deduction against any Spanish tax owed. Some searches with Google should turn up the answer for you.

Thank you @Richard.W , I’ll try to find stuff on Google but unfortunately Spanish taxation is very confusing and obscure to me :slight_smile:

Actually @Richard.W , I just found that there is an percentage of tax that’s charged depending on where the company is from before it’s handed out to foreign shareholders: :es:: 15% :uk:: 0% :de:: 27% :us:: 15%

Well I have been familiar with French taxation. T212 as UK entity was taxed full witholding tax(28%? Or similar) even tho we as EU citizens have benefits from dual taxation, so should be taxed 15% or based on treaty. Solution for this issue was to buy stock on LSE if possible. Until T212 can solve …

Thank you @Vedran . N00b question: if I live in Spain and own Spanish stock (eg BBVA) which is in the Madrid Stock Exchange, would that withholding tax that you mentioned still apply considering that T212 is based in the UK?

If Spain charges witholding tax, than sadly yes. Here is the topic:: [image] Total (FP) dividend question 🤝 Help @Xul We’re charging 28% because we’re also being charged 28% as the legal entity holding the assets on your behalf. The withholding tax rate for French-sourc…

Thank you so much @Vedran ! This is a huge blow since a huge chunk of my portfolio is comprised of German and Spanish stocks. Maybe it’s time to rebalance it. Thanks again!

How can T212 charge maximum taxes on dividends when they are not buying stocks for themselsfs, T212 is not owner of stocks, but for customers that are living in different countries? Every country especialy in EU has mutual agreements with other countries about avoiding double taxation like with USA.…

@Gep75 Well USA stocks are taxed correct, UK doesn’t charge witholding tax. So confirmed are French companies taxed 28%(should be 10-15% via dual taxation treaty). Possibly Germany also… Not sure if others are problematic…

Here is a agreement bettween UK and Slovenia about avoiding double taxation: uksi_20081796_en.pdf 1241.39 KB

Incorrect dividend?

📊 Investing

Vedran May 9, 2020, 12:36pm 11

If Spain charges witholding tax, than sadly yes.

Here is the topic::

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Investors living in The Netherlands 💬 Trading 212 chat	152	15484	April 14, 2024
Why T212 is paying less dividend 🤝 Help	37	4212	November 28, 2021
Taxes on dividends 🤝 Help	46	5076	February 23, 2022
Wrong Witholding Tax stated 🤝 Help	35	2765	December 8, 2022
Dividend statement - foreign tax paid 📊 Investing	123	20491	May 26, 2021

Incorrect dividend?

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