For German stocks, I find $ALV, $DTE, $DHL and the reinsurers $MUV2 and $HNR1 interesting dividend stocks. For dividend growth strategies, you can also take a look at $BC8 or $SAP.
And by the way, if the aim is to save taxes, as you write, and you have already fully utilized your tax-free allowance, foreign stocks (e.g. USA) are actually more interesting than German stocks.
And by the way, if the aim is to save taxes, as you write, and you have already fully utilized your tax-free allowance, foreign stocks (e.g. USA) are actually more interesting than German stocks.
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@Dividenden-Sammler can you explain to me why foreign shares make more sense? don't I pay withholding tax? so there's probably a good reason but I'm at a loss :D
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@Maxyzz_ Sure, I can explain that to you. Let's assume that the tax-free amount has been exhausted, then you would pay 25% capital gains tax + 5.5% solidarity surcharge + possibly 8-9% personal income tax.
With a dividend of €100, that would be €25 capital gains tax and €1.38 solidarity surcharge (I'll leave out KiSt for now). Together, this means a tax deduction of €26.38, leaving you with a net amount of €73.62.
In the case of a US dividend with an equivalent value of €100, the withholding tax of 15% (€15) is first deducted directly at source - i.e. in the USA. In Germany, therefore, only €85 of the dividend is taxed. As the US withholding tax is fully creditable due to the double taxation agreement between the USA and Germany, only the difference will be deducted as capital gains tax in Germany. So 25%-15% withholding tax remains on the €85 dividend that arrives in Germany ... i.e. €8.50 capital gains tax. The solidarity surcharge is now due on this, which is another €0.47 (5.5% of €8.50). Together QSt + KapESt + Soli (15€+8,50+0,47) would be a tax deduction of 23,97€ and from your dividend of 100€ you would have 76,03€ net left.
If you still had to pay KiSt, it would be 8-9% of the German dividend from the €25 capital gains tax and, in the case of a US dividend, the 8-9% from "only" €8.50 capital gains tax.
In short, there is no solidarity surcharge or corporation tax on the withholding tax abroad.
I hope I have been able to make this clear to you.
The important thing is how much withholding tax you have to pay in the company's country and how much of it can be offset against the German capital gains tax. If it is 15%, it is usually also fully creditable. If it is more, you may have to reclaim it from the foreign tax authority.
There are also countries that do not levy withholding tax, such as the UK or Singapore. In these cases, the same amount of tax is payable as for German companies, as the full dividend arrives in Germany
With a dividend of €100, that would be €25 capital gains tax and €1.38 solidarity surcharge (I'll leave out KiSt for now). Together, this means a tax deduction of €26.38, leaving you with a net amount of €73.62.
In the case of a US dividend with an equivalent value of €100, the withholding tax of 15% (€15) is first deducted directly at source - i.e. in the USA. In Germany, therefore, only €85 of the dividend is taxed. As the US withholding tax is fully creditable due to the double taxation agreement between the USA and Germany, only the difference will be deducted as capital gains tax in Germany. So 25%-15% withholding tax remains on the €85 dividend that arrives in Germany ... i.e. €8.50 capital gains tax. The solidarity surcharge is now due on this, which is another €0.47 (5.5% of €8.50). Together QSt + KapESt + Soli (15€+8,50+0,47) would be a tax deduction of 23,97€ and from your dividend of 100€ you would have 76,03€ net left.
If you still had to pay KiSt, it would be 8-9% of the German dividend from the €25 capital gains tax and, in the case of a US dividend, the 8-9% from "only" €8.50 capital gains tax.
In short, there is no solidarity surcharge or corporation tax on the withholding tax abroad.
I hope I have been able to make this clear to you.
The important thing is how much withholding tax you have to pay in the company's country and how much of it can be offset against the German capital gains tax. If it is 15%, it is usually also fully creditable. If it is more, you may have to reclaim it from the foreign tax authority.
There are also countries that do not levy withholding tax, such as the UK or Singapore. In these cases, the same amount of tax is payable as for German companies, as the full dividend arrives in Germany
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@Dividenden-Sammler mega explained, thank you!
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