Informations for Tax declaration in Germany

Hi there,

quick question: do i get all relevant info for tax declaration in germany? e.g. ETFs are more complicated here to declare it the right way.

Second question: Will Trading 212 give me 100% of the profit i make or will it keep taxes from their country?

thanks in advance

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Yes, all relevant information is present in the statement which you’ll receive.

No taxes are applied on our side. The local authorities may add such upon filling in your declaration.

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Do you know what is needed?

Next year declaration will be a pain for me :joy:

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Yes, i know. Following Informations are needed for the german tax declaration:

for each ETF/Fond the trader is (or was) invested in the declaration year!! :

  • ISIN
  • Type of Fond (depends on the quote of stocks): Stocks- (at least 51% stocks), Mixed- (at least 25% stocks), property- or other Investments
  • is the fond declare or retain the gains?
  • value at beginning of the year
  • value at the end of the year
  • amount of dividend
    –> This is needed to calculate the “Vorabpauschale” (even if you dont sell the fond) --> best would be if Trading 212 is also calculating the Vorabpauschale and pin it on the information sheet.

in case of selling the fond within the year:

  • time of buying
  • time of selling
  • historical price and costs of the sold amount the buyer had
  • sale price
  • other costs relating to the sale
    –> therefore: profit between buying and selling

@Tony.V: Are you sure you will provide all this relevant information in the annual tax information sheet?
Would be great if you can provide an anonymous example. And: If there are not yet all informations and you have questions how to provide the right information or calculate the Vorabpauschale: please ask :slight_smile:

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Yes, I would also like to know this, since this sounds like a big pain in the peep. Especially, if these topic is new and your are making the tax declaration yourself.

Wanted to start with stock shares, but if there is no clear statement, I would rather go with a german broker then get surprised.

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The yearly tax statement consists of two parts.

The first one contains your personal information as entered in your account and verified with your documents (names, email, customer number, tax ID, etc). It also outlines the period of your trading activity (the tax year) and your overall result. If you have CFD and Invest accounts, both would be included.

The second part of the statement comes as a separate attachment and shows your entire trading history for the period. It shows the time of opening of the position, time of closing, open price, close price and result.

In case you need anything more specific to meet the requirements of your local authorities we can issue it upon request.

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Will there be info about the 15% “Quellensteuer” ~ Source Tax paid on dividends? We can deduct that from our capital gains in some cases.

As per my understanding the “Quellensteuer” is a “Withholding Tax” for your dividends and it is already taken into account considering the fact that you are receiving the “Net Dividend”.

Nevertheless if you need anything more specific for your Tax Authorities, please contact us directly.

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I was checking this topic these days, as far I understood, we will need to manually declare ALL dividends received and any capital gains from sells.
While in a German broker it’s done automatically because all data is sent directly to Finanzamt :sob:

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Hi, if you found a way or online steuerberater, which doing it please keep us posted here, I‘m completely lost in this matter :expressionless:

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I am investigating the same thing for austria.

For me the normal stock is not that much of an issue. There the system is pretty straightforward. The problem is as far as I understand it, that for accumulating ETFs you have to calculate the gains you get from the reinvestment into the fond.

Do you provide that at the end of the year?

In austria at least the dividends are taxed with 27.5% at the end of the year. Not sure about stocks where I didnt get any dividends.

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@ProfNuke Let us assume all the information is provided so that we can calculate the Vorabpauschale and/or capital gains ourselves. Do you know if all these information needs to be sent to finanzamt as well? Also in online tax portals I don’t see a line item for Vorabpauschale, so everything would be called capital gains then?

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:heavy_plus_sign: 1 for me as well!

Has anyone got their yearly tax statement yet?

You have to request it.

Can’t confirm that. I asked the support for a Tax Statement including the information about the Withholding Tax for dividends, they replied that they can’t provide me with this information since they don’t have the ability to separatly list them.

Although I would really need the information how much tax was already deducted (Tax office in Austria needs that information), the support can’t help with that. Maybe you can help me with that? @Michael.P

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did you check the new export feature?
should it be enough for our dividends declaration?

It does show withheld dividend. But it is in the original currency with no exchange rate provided. So not very helpful…

@laguiar The export feature isn’t that helpful, since it’s a simple csv-file and easy editable for anyone, the tax office won’t accept it as proof. You would need a pdf-file with your personal informations and to make it more official at least the Trading212 logo on it.
The Tax Statement you get from the support would be perfect if they could add the information about the withholding tax.

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:heavy_plus_sign: Strongly Agree with you!

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