What do I need to know about taxes on Trading 212?
We do not deduct any capital gains tax on profits, and it is essential to understand the taxes that may apply to your trading activity.
How do I calculate and pay taxes on profits from trading?
You are responsible for calculating and paying any applicable taxes on your trading profits. You may need to declare your profits from financial trading in your tax return according to the tax laws in your country.
What is a withholding tax on dividends, and how does it affect me?
While we do not deduct capital gains tax on profits, some dividends may be subject to a withholding tax. Local tax authorities apply this tax, and we are required to withhold the tax before crediting the dividends to your account.
What should I do if Trading 212 cannot adjust the withholding tax?
In some instances, we may be unable to adjust the applied withholding tax based on tax treaties between your country of residence and the country where the company paying dividends is based. In such situations, you can contact your local tax authorities or a personal tax advisor for guidance on requesting the redemption of the applied tax.
How can I calculate the taxable income for my tax return?
You can use the information on your account statement to calculate the taxable income for your tax return. This will help you determine the profits that may be subject to taxation following local regulations.
What should I check with my local tax office about my trading activity?
It is crucial to consult with your local tax office to understand the specific tax regulations that apply to your trading activity. This will ensure that you are aware of your tax obligations and can comply with the local tax laws.