How does the payment of the church tax work?

Please note that the following answer only applies to clients residing in Germany.‌

Once you have registered, Baader Bank will automatically request your church tax details from the German Federal Central Tax Office. If you are liable for church tax, this will be paid directly to the tax office, together with capital gains tax and the solidarity surcharge, on a transaction basis.

Please note that Baader Bank only checks your church tax status once a year in September for the following year. If your religious affiliation changes after this date, it is not possible to change your status during the year. The change can only be made at the next enquiry for the following tax year. 

You can, however, claim back any excess church tax paid on your tax return. To do this, please contact your tax advisor.

The amount of church tax paid can be found in your personal client area under Profile > Taxes.