@MCFly
not sure you are right concerning taxes for FX (not traded via CFD). see §23(1) Satz 1 Nr. 2 EStG
not sure you are right concerning taxes for FX (not traded via CFD). see §23(1) Satz 1 Nr. 2 EStG
In 2021, day trading in Germany will be dead
- #22
- Jan 20, 2020 6:19am Jan 20, 2020 6:19am
- Joined Jan 2016 | Status: I am not a trader | 1,238 Posts
- #24
- Jan 20, 2020 8:19am Jan 20, 2020 8:19am
- Joined Jan 2012 | Status: Trader | 1,862 Posts
{quote} Why you are surprised my friend if ... "May 4, 2018, on the eve of the 200th anniversary of the birth of Karl Marx, in the basilica Constantine in Trier President of the European Commission Jean- Claude Juncker gave a speech in which he stated: "Karl Marx, he was a philosopher who thought about the future, had creative aspirations, and today has to be responsible for things for which he was not responsible, which he did not cause. " A day later, a statue of Marx presented to Trier was unveiled by the communist authorities of China, and the...
The SPD has managed to produce a tax rate of 112.5%. Karl Marx is pleased
- #25
- Jan 20, 2020 8:42am Jan 20, 2020 8:42am
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #27
- Jan 20, 2020 9:34am Jan 20, 2020 9:34am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
Just move to the UK...tax free and the beer is better.
- #30
- Jan 20, 2020 11:32am Jan 20, 2020 11:32am
- Joined Mar 2016 | Status: Trader | 6,328 Posts
Just move to the UK...tax free and the beer is better.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return:
-66.1%
- #32
- Jan 20, 2020 11:58am Jan 20, 2020 11:58am
- Joined Oct 2013 | Status: Trader | 1,025 Posts
Return To Disorder
- #34
- Jan 20, 2020 2:48pm Jan 20, 2020 2:48pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #35
- Jan 20, 2020 3:09pm Jan 20, 2020 3:09pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
Just move to the UK...tax free and the beer is better.
fortis fortuna adiuvat
- #37
- Edited 4:53pm Jan 20, 2020 3:38pm | Edited 4:53pm
- Joined Jan 2012 | Status: Trader | 1,862 Posts
[quote=MCFly;12711667]Hi, why do you think forex will not be included? You trade forex on margin with a leverage! source https://www.godmode-trader.de/artike...n-sich,8027934 F
in 2021 day trading in germany will be dead Excuse @people from abroad. That is a special German concern. Yet ...
??? oh - no
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I know and appreciate the source you provided @MvFly. I will list more links from there below later on.
In addition to the quotation you mentioned, gomode-trader.de also said that the terminology regarding the underlyings is not clear. Neither in the law nor in the letter from the Ministry.
The law "Gesetz zur Einführung einer Pflicht zur Mitteilung grenzüberschreitender Steuergestaltungen" was passed in the Deutscher Bundestag 21. Dezember 2019 (BGBl. I S. 2875). It was decided with the consent of all parties. Not from SPD (Social Democrats) only. However, finance minister is a representative of the SPD. FDP (Liberal) previously disagreed during discussion. Since the law under the above Name was published, the explosive part hidden therein, particularly regarding the financial regulation of so-called forward transactions (Termingeschäfte), did not immediately attract the public's attention during the turn of the year.
The tax consultants and forums, however, soon hitted the alarm: boys and girls - you need us.
)
The matter is complicated and ambiguous, the violent discussions are right, further clarifications can be expected from the legislature.
I only respond the current status regarding FX, i.e. a small part of the financial transactions housed in the law. Trading in Forex solely through foreign exchange spot transactions, not fx trading via CFD and only for private individuals, not companies, valid for transactions from 01.01.2021.
In the past, tax on these Forex transactions had usually been settled either via §20 EStG at the Regional Tax Office or via §23 EStG.
(Income Tax Act; Compensation Tax).
Depending on the respective personal requirements or the taste of the tax official this way resulted in tax assessment in the past.
Innovation in the above law is the amendment to §20, not §23 EStG.
The question now arises for the FX trader:
- have I already billed at the tax office in the past and would like continuity in billing this way, or
- do I set the course for a toxic route with an initial billing this year because I choose exactly the disadvantageous way or
- I'm not worried at all because the law (BMF letter, protests, guidelines) is still being clarified or
- because a completely different law can be expected in the near future (financial transaction tax at EU or national level) or
- Bundestag election in 2021 before or after the election, anyway,
tax conditiones written down at two-sided beer mat will be decided and this will be enough for tax office what you have to pay or get back
never ever comlicated, from nobody understanding tax or
- Liberals would say: stop regulatory anger against folks.
A trader / investor would of course have liked to know in advance whether he was doing the business that was right for him.
So stay on topic and take note of information.
Good luck
Later I will add various links where I found interesting information so far.
in 2021 day trading in germany will be dead Excuse @people from abroad. That is a special German concern. Yet ...
??? oh - no
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I know and appreciate the source you provided @MvFly. I will list more links from there below later on.
In addition to the quotation you mentioned, gomode-trader.de also said that the terminology regarding the underlyings is not clear. Neither in the law nor in the letter from the Ministry.
The law "Gesetz zur Einführung einer Pflicht zur Mitteilung grenzüberschreitender Steuergestaltungen" was passed in the Deutscher Bundestag 21. Dezember 2019 (BGBl. I S. 2875). It was decided with the consent of all parties. Not from SPD (Social Democrats) only. However, finance minister is a representative of the SPD. FDP (Liberal) previously disagreed during discussion. Since the law under the above Name was published, the explosive part hidden therein, particularly regarding the financial regulation of so-called forward transactions (Termingeschäfte), did not immediately attract the public's attention during the turn of the year.
The tax consultants and forums, however, soon hitted the alarm: boys and girls - you need us.
)Inserted Video
The matter is complicated and ambiguous, the violent discussions are right, further clarifications can be expected from the legislature.
I only respond the current status regarding FX, i.e. a small part of the financial transactions housed in the law. Trading in Forex solely through foreign exchange spot transactions, not fx trading via CFD and only for private individuals, not companies, valid for transactions from 01.01.2021.
In the past, tax on these Forex transactions had usually been settled either via §20 EStG at the Regional Tax Office or via §23 EStG.
(Income Tax Act; Compensation Tax).
Depending on the respective personal requirements or the taste of the tax official this way resulted in tax assessment in the past.
Innovation in the above law is the amendment to §20, not §23 EStG.
The question now arises for the FX trader:
- have I already billed at the tax office in the past and would like continuity in billing this way, or
- do I set the course for a toxic route with an initial billing this year because I choose exactly the disadvantageous way or
- I'm not worried at all because the law (BMF letter, protests, guidelines) is still being clarified or
- because a completely different law can be expected in the near future (financial transaction tax at EU or national level) or
- Bundestag election in 2021 before or after the election, anyway,
tax conditiones written down at two-sided beer mat will be decided and this will be enough for tax office what you have to pay or get back
never ever comlicated, from nobody understanding tax or
- Liberals would say: stop regulatory anger against folks.
A trader / investor would of course have liked to know in advance whether he was doing the business that was right for him.
So stay on topic and take note of information.
Good luck
Later I will add various links where I found interesting information so far.
- #39
- Jan 20, 2020 4:41pm Jan 20, 2020 4:41pm
- Joined Dec 2014 | Status: Trader | 1,326 Posts
Jesus...if this passes in Germany I can just see the liberal government doing the same dumb as fuck shit here in Canada...fucking morons all around. How does this even make sense to them...unreal.
