since 01.01.2021 the new income tax law and the new system of the final withholding tax applies, we have already informed you about it here.
Within the scope of the capital gains tax deduction, there will be no automatic deduction of the final withholding tax according to the new regulations until 31.12.2021, as FXFlat makes use of an exemption regulation (permitted according to the letter of the Federal Ministry of Finance from 11.11.2020).
We would like to point out that from 01.01.2022 (end of the exemption regulation) we will implement the amended regulations mandatorily at customer level, i.e. for each trade that is concluded with a profit, the withholding tax will be deducted. Losses will no longer be automatically offset against profits.
Therefore, you as a customer still have the mandatory obligation to report all your profits and losses to the tax office yourself within the framework of a tax return and to pay tax in accordance with the regulation applicable from 01.01.2021!
We therefore urge you to inform yourself about the amended tax changes and to contact your tax advisor if you have any questions or uncertainties. FXFlat does not offer any advice or further information regarding your personal tax liability in this context.
We also point out that this letter is not a tax advice but pure information.
With kind regards