How Your ETFs Are Taxed in Scalable Capital or Trade Republic | PerFiTax Tax Expert Dirk Maskow

Are you curious about how ETFs and brokers (e.g. Scalable Capital or Trade Republic) are taxed? 🤔

In this interview, Dirk Maskow, the tax advisor from PerFiTax, provides insights into the taxation of ETFs and brokers, shedding light on how these investments are treated from a tax perspective. Regardless of whether you invest in ETFs through online brokers in Germany or brokers outside of Germany, the taxation process remains consistent.

Dirk explains that as a resident of Germany, you are subject to German tax rules and regulations. The banking institution where you hold your investments will issue an income certificate that you must include in your tax return. If the institution is based in Germany, they are also responsible for withholding taxes from your profits.

However, when it comes to investing in foreign investment funds or foreign mutual funds, there are disadvantages in terms of taxation in Germany. Dirk advises caution, recommending against investing in such funds unless they are registered within the European Union. The rules are aligned within the EU, making them a more favorable option. It is wise to steer clear of other mutual funds that are primarily domiciled in Germany, Ireland, or Luxembourg.

If you want expert tax advice and assistance with optimizing your ETF investments or addressing any tax-related queries, don't hesitate to contact Dirk at PerFiTax. He is committed to helping you navigate the intricacies of taxation and ensuring your financial well-being. Reach out today and take the first step toward effective tax planning.

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00:00 How Are ETFs Taxed In Germany?
01:33 Tax Problems When Investing In Foreign ETFs
02:07 How Dirk Can Help You Filing Your Taxes In Germany

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