1G·

Double tax on my dividends?

Hi everyone,

I'm hoping to get some help with a tax issue I've encountered with dividends from my $ASML (+0,01%) shares (ISIN: NL0010273215).

I received a dividend payment, but it seems like I've been hit with double taxation. As you can see in the attached image, there are two separate deductions: "Retención fiscal" (Tax withholding) and "Impuesto sobre la renta de las personas físicas" (Personal income tax).

This is the breakdown:

Gross Dividend: 2.72 EUR
Tax Withholding: -0.41 EUR
Subtotal: 2.31 EUR
Personal Income Tax: -0.44 EUR
Net Total: 1.87 EUR

ASML is a Dutch company, and I'm a resident of Spain. I understand that there's typically a withholding tax from the source country (the Netherlands in this case), and then I need to declare the income in my country of residence. However, I thought that tax treaties were in place to prevent this kind of double taxation.

My question is:

Why am I being charged twice for the same dividend income?
Is this a standard practice, or is there a way to reclaim one of these taxes?
Has anyone else experienced this with ASML dividends, or with dividends from other international companies?

This is happening firstly since I recently move my IBAN to Spain in Trade Republic, previously with German IBAN this was not happening.

Any insight or advice would be greatly appreciated. Thanks in advance!

6 Commenti

Luis B.@Laruibasar

I would suggest you reach out to Trade Republic, I remember people complaining about moving to different countries and having some similar issues.

•

Leon@Investingyoung

You no longer live in Germany, so there is no tax-free allowance. The first tax is withholding tax from the Netherlands and the second is Spanish capital gains tax. Have you checked to see if TR also pays this automatically as in Germany?

•

TIInvestor_esp@TIInvestor_esp

@Investingyoung well, technically I have never lived in Germany, they just released Spanish IBAN a couple of months ago.

I have contacted customer service but they did not reply yet.

After some research, when I do my Income Tax Return next year, Spain should give me back the taxes already paid in Netherlands :D

•

Mario@profit_maker_2105

@TIInvestor_esp that's right. You have to do It next year you can recover Up to 15% of your tax withholding that's why is better to have Netherlands, Brithish and U.S.A companies if you live in Spain.

••

Mario@profit_maker_2105

If you live in Spain you have to pay 19% for dividends income until an amount of 50000€. Now Trade Republic has Spanish IBAN so they declare this amount for you and you don't need to do It manually next year. You can recover Up to 15% of the tax withholding next year, in your case those first 0.41€

•

papanatas@papanatas

One is the Dutch tax and the other is the Spanish tax. You have to deduct € 0.41 on your tax return for double taxation.

•