Tax with your brokers

Hello,

As you know, the first distribution from $JEPQ (-1.13%) . I received this from Scalable, but the statement makes me a little suspicious. No taxes were deducted and no exemption order was used.

The document also states

"Please note your possible reporting obligation according to paragraph 67 AWV. Income from capital assets within the meaning of Section 20 EStG is subject to income tax."

Furthermore:

Payment period 01.01.2024 - 31.12.2024

Payment date 08.01.2025

Do I have to declare this separately in my 2024 tax return?

How do your brokers handle this?

I'm assuming that these are still the teething problems that have already been mentioned here, but I'm not sure whether I need to take action now or can wait and see? The year is still long. I'm only worried about the tax return for 2024.

Solitair@Solitair

3Wk

Same for me. I'm with trade Republic. But there was no notice or anything. If they don't correct it at some point during the year, you would have to declare it yourself on your tax return. But only in the one for 2025. The inflow principle applies to dividends.

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Arco@Dividendbelegger

This also depends on tax treaties between countries. In the Netherlands we have 0% dividend tax and because of a treaty with Ireland, no dividend tax is withheld from stocks based in Ireland like $JEPQ (IE000U9J8HX9).

Tax with your brokers?