Important infos concerning withholding taxes
Withholding taxes have been introduced in 2009 and replaced the valid taxation scheme of capital gains.
These taxes are directed towards gains from capital investments and at a fixed rate of 25% of all revenues. On top of these taxes there might be additional charges of 5.5% solidarity surcharge and church tax. Winnings from trading and dividends of shareholdings also fall under the withholding tax.
With BANX Trading you won`t be paying withholding taxes directly!
This way, possible gains through trading are maintained and can be used as margin deposit throughout the year.
Foreign brokers do not have this rule and the trader is responsible for the withholding tax by himself. There is also no direct withholding tax of winnings through BANX Trading and the withheld tax can be used for trading and increasing winnings until the tax is due.