Glossary

Withholding tax

Tax deducted at source before income reaches you, for example by a bank on gains or by a company's home country on dividends paid abroad.

Breakdown Of a gain of 1,000 above the allowance in Germany, 263.75 are withheld as tax and surcharge. GAIN OF 1,000 IN GERMANY 1,000.00 You keep 736.25 74% Tax and surcharge 263.75 26%

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