Tim (@tim0402) en getquin

Tim

@tim0402

3Lun·

Does anyone have experience with the Spanish withholding tax and financial transaction tax?

I read something about 19% and 15% of that is creditable

$IBE (+1,5 %)

3 Comentarios

OldWhiteGuy@amanaplanacanalpanama

3Lun

Official overview (annual update) via the website of the Federal Central Tax Office (2024: https://www.bzst.de/SharedDocs/Downloads/DE/EU_OECD/anrechenbare_ausl_quellensteuer_2024.pdf?__blob=publicationFile&v=2 )

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Dividende > Zinsen@GoDividend

3Lun

Refund of withholding tax
https://www.dsw-info.de/anlegerschutz/quellensteuer/laenderspezifische-erstattungsantraege-auf-dividenden/erstattung-spanischer-quellensteuer/

As far as I know, you cannot avoid the financial transaction tax

"The bad thing about the financial transaction tax is that it applies to buying and selling. So that means If you invest 100,000 euros, you pay 0.3% (depending on the country) in financial transaction tax. If you sell later, another 0.3 % (depending on the country) is added.

However, the tax also applies even if no profit is made. So if you invest 10,000 euros in shares and sell at some point for 8,000 euros, you have made a loss of 2,000 euros. In addition, you have to pay 0.3% tax on the 8,000 euros (depending on the country).

https://www.tuendum-investment.com/de/finanzblog/ist-die-finanztransaktionssteuer-fair

In January 2021, Spain introduced a financial transaction tax (FTT) of 0.2%, including on shares in Spanish companies with a market capitalization of more than €1 billion.

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Carles@Carles

3Lun

From my experiencie, the financial transaction tax is a 0,2% for Spanish stocks every buy or sell. That is deductible (like the comissions) to your profits. There is no way of not paying it.
About the withgolding tax it is a 19%. If you're Spanish, that's what you en up paying for any dividend you get up to 6K. If you get more than 6K from 6K to 50K pay 21%, from 50k to 200k you pay 23% and more and more...

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