Please note that the following answer only applies to clients of our Broker offering.‌

In the case of US withholding tax, Scalable Capital can grant a lower tax rate as a Qualified Intermediary and is able to reduce the withholding tax from 30% to 15% if you are subject to tax in Germany. In accordance with the double taxation agreement between the USA and Germany, the US withholding tax is automatically reduced for non-US persons provided they have German citizenship, German residence and tax liability in Germany.

For foreigners living in Germany, a registration must be completed using the W-8BEN form in order to benefit from the lower tax rate. Please make sure that you provide complete information when submitting the form. You can find a completion aid here.

Please complete the form and send the document to:

Scalable Capital Bank GmbH
Seitzstraße 8e
80538 Munich 
Germany‌

Alternatively, you can upload documents to the Scalable client area. To do so, please contact our Client Service Team via the Support function in the app or our contact form. We will then provide you with a personal upload link.

If you are not taxable in Germany, the US withholding tax is regulated in the country-specific double taxation agreement between the USA and your tax country.

For all other countries, an advance exemption from the respective withholding tax is not possible.