Tax Refund Due To Withholding Tax

Wednesday, July 2, 2014

Saved money the year 2009 brought a new regulation for investors: the flat tax, a flat-rate taxation of the value paper gains in the amount of 25 per cent. The finance portal explains who can benefit in hindsight. Successful speculators must pay tax on course has always been their income earned from shares and funds. By the end of 2008 this was based however on the individual tax rate and not on a flat rate. On the other hand, this applied only to papers that were less than a year in the possession of the investor.

Shares, which only made profits after a long time, were, however, tax free. There is no longer this period of speculation since last year. When price gains, which were about the saver lump sum (801 euro for single people or 1602 euro for married couples), slammed the withholding tax. Who supervise its securities through a Germany-based Bank will have to worry further usually about nothing as to the proper allocation of the exemption order. Everything that goes, is automatically taxable and the Bank automatically dissipates the accrued taxes at the IRS.

The situation is different for customers who invest their money on foreign fund companies. Here the investor itself under an obligation to report the taxable profits to the Treasury. However, the flat tax has not only disadvantages. Some investor groups benefit. Whose personal tax rate is below 25%, may claim a refund in the amount of the difference with the tax return. Learn more about finance: finance contact: Lisa Neumann University first media GmbH barefoot streets 12 04109 Leipzig Tel: + 49/341/49288-240 fax: + 49/341/49288-59