with regard to the new system of the withholding tax, which will apply from 01.01.2021, we would like to inform you that FXFlat Wertpapierhandelsbank GmbH will not apply the requirements for the implementation of § 20 paragraph 6 sentence 5 and sentence 6 EStG for losses from trading in Contracts for Difference (CFD) and Futures as well as Spot Forex until 1 January 2022. Until then, we will continue to take into account the full loss calculation as before and only pay withholding tax from private clients resident in Germany for tax purposes after the end of the month if the respective month should show a realized net profit.
Please understand that tax advisors enjoy professional protection and that we cannot or may not provide any further tax information. Please contact your tax advisor if you have any questions regarding your tax situation.
If you have any further questions, please do not hesitate to contact us.
The FXFlat team wishes you a happy new year and much success in 2021!
With kind regards
Your FXFlat Team