Please note that the following answer only applies to clients of our German offering.
The final withholding tax on investment income (capital gains tax, solidarity tax, and, where applicable, church tax) is paid on a transaction-by-transaction basis. The respective levies are withheld by the custodian bank after each sale, taking into account tax allowance and loss pots where applicable, and forwarded to the tax office.
This only applies if you are subject to taxation in Germany. If you have a tax residence outside of Germany, you are obliged to determine and pay the applicable taxes yourself. Please note that Scalable Capital can not provide tax advice in this regard. If you have any questions regarding your individual tax situation, please contact your tax advisor or your tax office.
You can find the amount of withholding tax paid by you in your personal client area. To do this, please log into your Scalable Capital account on our website, open the menu item "Profile" and click on "Taxes".
Please note that crypto ETPs classified according to §23 are not subject to capital gains tax. You can find more information on this below under "How are crypto ETPs treated for tax purposes?".