Did I cover your country? If not, how are ETFs taxed where you live? :) 🇪🇺Interactive Brokers: angelo.fi/ibkr 🇪🇺Trade Republic: angelo.fi/tr 🇪🇺Scalable Capital: angelo.fi/sca 🇦🇹Flatex: angelo.fi/flatex 🇦🇹ETF Tax Comparison (Austria): angelo.fi/kest 👉Compare ETFs: angelo.fi/comp ⚡Where I buy crypto: angelo.fi/bit 💶4% interest savings account: angelo.fi/save
@yayadxbdoh
7 ай бұрын
0% in Qatar/UAE but in the future I will most probably retire in a Mediterranean country like Spain, Greece, Croatia, Cyprus, Portugal.
@Dbskeptic
7 ай бұрын
@@yayadxbdoh @angelocolombofi what ETF you'll recommend for UAE residence? It's tax free on capital gains but we pay taxes on the US dividends
@yayadxbdoh
7 ай бұрын
@@Dbskeptic I recommend buy Irish UCITS ETF (accumulating). US ETF are problematic because of the estate tax, in case of death amount of cash/stocks/us etf above 50K USD would be lost. A good book to read: Millionaire Expat from Andrew Hallam'', it includes list of ETFs based on the region you live or plan to retire.
@gerardpuigalvarez
7 ай бұрын
What about in Luxembourg?
@zohebrahman6059
5 ай бұрын
what about Finland?
@viniciusdss
5 ай бұрын
Low Tax List Summary - Greece: No CGT on UCITS - Bulgaria: No CGT on UCITS (European brokers only); 5% tax on div - Cyprus: No CGT in general; 17% on div for residents - Slovakia: 19% CGT if sold in less than 1 year; 0% CGT if sold after 1 year; 7% on div - Croatia: 12% both on CG and div but only if sold in less then 2 years - Czech Republic: 15% on CG only if sold in less then 3 years - Hungary: 15% on CG and dividends; TBSZ accounts (long term investment) 10% after 3 years and 0% after 5 years - Belgium: No CGT; 30% on div; beware of TOB tax on buy and sell transactions (three rates: 0,12%, 0,35%, 1,32% depends on the ETF); 0,15% wealthy tax on over €1M investments - Slovenia: CGT 15y 0%
@LouisBollard-wq9im
7 ай бұрын
Great video Angelo. Irish here, I'll send this video onto the politicians!
@ronanhunt88
7 ай бұрын
When I saw the caption with 41% I knew we were on top of the list! 😅😅😅
@LouisBollard-wq9im
7 ай бұрын
@@ronanhunt88 same here 😂
@nicolaruggiero2492
7 ай бұрын
What if you buy all your ETF while living in Ireland but you retire in Greece?
@ronanhunt88
7 ай бұрын
@@nicolaruggiero2492 well you would need to leave to retire within 5/6 years to ensure your tax residency left Ireland before the 41% tax on unrealised gains was applied. So you don’t really get long to build a fund before being taxed.
@CKen1991
7 ай бұрын
Discusting how us Irish are taxed it really is, as u said we should be rallying our politicians to enact change.
@xiaoyiliu5188
7 ай бұрын
Ireland makes me cry.. Thanks Angelo, very informative!
@PaintrainX
5 ай бұрын
Yeah. Apparently Ireland lets their citizens pay for the tax evasion of big worldwide corporations in Ireland.
@ErcoleBellucci
3 ай бұрын
@@PaintrainX tax avoidance, not evasion
@igorpresinte9320
2 ай бұрын
Is there a way to avoid this ridiculous taxes on ETF? I am a Romanian migrant living in Ireland.
@spidLL
23 күн бұрын
@@igorpresinte9320 what I chose to do is pick the first 12/15 stocks of the SP500. not much difference in returns.
@dimitrisglekas3252
7 ай бұрын
Hello from HELLAS!!! 🇬🇷🇬🇷🇬🇷🇬🇷
@gianlucaangioletti2384
7 ай бұрын
Hey I'm an Italian who just moved to Greece. I will start my etf investing here I guess. What do you use as a broker? Thnks
@produktas
7 ай бұрын
thats so cool that you mentioned countries of viewers. Lithuanian here :D
@carlosmoreira582
7 ай бұрын
Obrigado pelo teu trabalho Angelo , uma abraço de portugal.
@martinthegiraffe7924
6 ай бұрын
So much effort in this video for the viewers and so accessible... thank you so much for this work
@matsholvoet
7 ай бұрын
Fantastic you cover a small country like Belgium 🇧🇪 keep up the excellent videos of late
@vladpolyanskiy9602
7 ай бұрын
Belgium stonks 📈
@matsholvoet
7 ай бұрын
@@vladpolyanskiy9602 investing in Belgium might be nice but I’m very unsure wether Belgian stocks would be a good addition to anyone’s portfolio 😅
@roganthoerson1909
7 ай бұрын
i am surprised that Belgium has low tax on something...
@lObservateur_
4 күн бұрын
Check this information, as you may be misleading regarding dividends. You may still need to pay taxes on dividends from accumulating ETFs, even though the dividends are not distributed to you directly but are automatically reinvested within the fund. ETFs can still be taxed under a 'deemed dividend' or 'prepayment' system, where you're taxed as if you had received the dividends, even though they were reinvested.
@redv0472
7 ай бұрын
Great video, Irish here, it’s individual stocks or nothing, going to canvas my local TD after this, thanks for the motivation👍
@hermes8258
7 ай бұрын
Thank you for doing this. Although I have no connection to Europe (neither residency or investments) I welcome seeing more ETF/stock channels with an international perspective. I see so many American, Canadian, and Australian channels where the presenters assume the viewers know where they are. You make it obvious and clear *where* you are talking about. Rare!
@eusouojorge-investidorinte6202
7 ай бұрын
Thanks for this video Angelo. As a foreign living in Austria and having to deal with all this complexity in german language seems to be hell on earth. As I also invest via Interactive Brokers, I would be forever greatful to you if you make a video showing how you do the calculation of your taxes for your etfs in Austria
@szilidani
7 ай бұрын
This I woud also appreciate
@ctse84
7 ай бұрын
Would also appreciate this for Germany, as a foreigner here I have the same struggle.
@simonp6339
7 ай бұрын
It's indeed insanity to do ETF taxes for non-tax-easy brokers in Austria, so I highly recommend switching to a tax-easy broker like Flatex (or Dadat), if you don't want to spend 400 hours a year learning Austrian tax law.
@ELMASRYFAMILY
7 ай бұрын
Same here! Do it Angelo!
@ditipop6127
7 ай бұрын
you should just use a broker which automatically transfers the capital gains tax to the tax office spare yourself the hassle of austrian/german tax system
@MartinKnapic
7 ай бұрын
Thanks for this sum-up! Bit disappointed you didn't cover Switzerland 😉 Maybe next time 👍
@AngeloColomboFi
7 ай бұрын
Sorry about that! I considered including Switzerland, the UK and more Nordic countries as well, but I had already spent so much time on my research that I decided to call it quits after number 22!
@MartinKnapic
7 ай бұрын
@@AngeloColomboFi Fair enough 😁
@brunabodulica4245
7 ай бұрын
Great video, as usual! Thank you😊
@simonp6339
7 ай бұрын
It's just 0% tax on capital gains, isn't it? I guess plus Stempelsteuer.
@steliosprokopiou29
7 ай бұрын
Luxembourg wasn't mentioned, but you can invest tax free in any type of security/fund, EU or non-EU, if you hold for at least 6 months. Dividends are taxed 15% and interests 20%. I can also confirm that UCITS ETFs are tax free in Greece. Great video btw! Cheers
@thanostlotr
7 ай бұрын
hey! Can you share the source about UCITS being free in Greece? Couldn't find it anywhere.
@AngeloColomboFi
7 ай бұрын
Here are two: www.taxexperts.eu/en/an-overview-of-distributions-and-capital-gains-taxation-in-greece and assets.kpmg.com/content/dam/kpmg/gr/pdf/2023/04/gr-investment-in-greece-guide-04042023.pdf The special solidarity contribution on individual income mentioned in the second link seems to have been abolished in 2023.
@HoraceFoca
6 ай бұрын
@steliosprokopiou29 & @AngeloColomboFi thank you very much both for this amazing work and for this particular comment Stelios - can you be so kind and elaborate on the Lux part? So tax free for holdings (stocks or accummulating UCITS ETFs) for anything that is held longer than 6 months? Does that include US stocks (that don't pay dividends, which would otherwise be taxed with 15% i take it) ? Appreciate it, and also some extra resources to deepdive in english if there are any. God bless!
@ivanmyk789
25 күн бұрын
Also wanted to mention Luxembourg, but you already did a great job summarizing the taxes 👍
@Mutmutism
7 ай бұрын
Hey, French viewer here. A small detail on PEA: we also have access to major international ETFs (msci world, S&P500...) its just that the emitting financial company has to be based in Europe and has to replicate synthetically the index and not holding the actual shares if from Non-European companies
@yayadxbdoh
7 ай бұрын
Correct, In a PEA you can purchase synthetic ETFs which replicate the performance or S&P500 (ESE), MSCI World (CW8), NASDAQ 100 (PANX) etc... After 5 years you will pay a reduced tax of 17.2% (social security) on capital gains when withdrawing from the account.
@tzu2024
7 ай бұрын
Great summary! 🎉 Hello from a happy investor in Belgium 🇧🇪
@AtilNL
7 ай бұрын
Thank you so much Angelo for the video. Hope policies change for good in the Netherlands.
@LilMartyFarty
6 ай бұрын
Yeah this is such a needed change. Wealth taxes are a pain, especially when not even making profit.
@Daniel-zr4pk
7 ай бұрын
thanks for including Bulgaria despite being such a small percent of the portfolio ^^
@funfungerman8401
7 ай бұрын
Damn das ist der erste KZitem wo der Kommentar Bereich mal gepflegt ist und nicht alles voll mit diesem bots ist die iwelche Finanzberater empfehlen xD Schöner Kanal da es diesmal nicht aus der US-Amerikanischen Sicht ist ^^
7 ай бұрын
I am an expat living in Austria and this video was just what I was looking for thank you! It is so painful to find good quality information about how the tax system works here. I really like Trade Republic's offering I hope they become "easy-tax", until then I really only have one option (Flatex). I would really appreciate if you could make a video on how you do your taxes in Austria there must be a lot of people struggling with this, especially expats. Thanks again!
@stefanoperfetti1047
15 сағат бұрын
Thank you! You’re doing wonderful, badly needed public service!
@AIdrivenabundance
7 ай бұрын
Angelo, that is something I was looking for such a long time. Great comparison for Europeans! Thank you so much!
@AngeloColomboFi
7 ай бұрын
My pleasure! Who else would honestly spend time making a video about this? 😅 I'm grateful to have such a wide-ranging group of investors watching my videos! 🙏
@maximiliamarinel-loamat2216
5 ай бұрын
I find this incredibly helpful! Thank you, Angelo. I'm also based in Austria and currently use Interactive Brokers. Surprisingly, I've just learned about the yearly tax implications through your video. Would you consider creating a video tutorial demonstrating how to generate a tax report specifically tailored for Austrian users on Interactive Brokers?
@0xCAFEF00D
7 ай бұрын
Really happy to see European focused investment content. 🇸🇪
@bjorkthetree
7 ай бұрын
He did not mention sweden though, or dis i miss it?
@0xCAFEF00D
6 ай бұрын
@@bjorkthetree No he didn't. But it's closer than a US/Canada focus.
@Kirmo13
7 ай бұрын
Very informative and exactly what I was looking for. What a coincidence that this video was published yesterday! For now, I'll just stay in the 4% trade republic account. I'm planning on chaining in the next 6 months but I need to go over stuff carefully before making decisions
@gregorise
7 ай бұрын
Thanks Angelo! Taxes aren't covered enough and are hugely important re: compounding, so it's great you're raising this point. It's quite disappointing that many EU countries don't offer tax advantages like the US or UK on ETFs, though good to know that some do. Time to move to Greece I wonder? 😊
@danielmadsen9115
7 ай бұрын
Hi Angelo, sadly you didn't cover my highly taxed country of Denmark. Here we pay an insane amount of tax both on income and on stocks (+ETFs). It is a complex system with many nooks, but basically you pay 42% on every gain above 8k euro. Up to 8k euro you pay 27%. Keep up the good work. I've enjoyed your channel for some time now.
@AngeloColomboFi
7 ай бұрын
Hi Daniel, I shortly looked at Denmark as well, but ran out of time. So I decided to call it quits after 22 countries :) Here's the part that shocked me even more than the 42% tax on its own: "While sale of ordinary shares is taxable based on a realisation principle, a so-called mark-to-market taxation is applied on certain investment funds, ETFs, etc., which implies that each year taxable gain/loss is to be declared even though a sale has not actually occurred. The gain/loss is determined based on the market value at the start of the year compared to the value end of the year (values for start and end of the year will be changed to value upon arrival/departure if moving to/out of Denmark during the year). Value is to be converted to Danish kroner using the exchange rate at start of the year/end of the year, so this will cover both gain due to increase in value of the investment fund, etc. and gain due to currency fluctuations." taxsummaries.pwc.com/denmark/individual/income-determination Can you confirm that you have to fully tax unrealized ETF profits at the end of every year? That would be crazy!
@danielmadsen9115
7 ай бұрын
Hi@@AngeloColomboFi sorry for the late response, but YES. For special accounts and for ETFs you are being taxed every year on the profits of the account at the end of december. For normal shares you get taxed when you realize the profits. Also there is special accounts but you can only put around 19000 euro in them max. On these accounts you get taxed 17% but still at the end of every year of the profits. Best Daniel
@rarspace01
7 ай бұрын
similar thing also applies to Germany @@AngeloColomboFi
@er_mann6794
7 ай бұрын
@@danielmadsen9115 This is crazy. You invest your hard earned (and heavily taxed) money and then you have to pay taxes on top of that
@SergiuTalnaci
7 ай бұрын
@@AngeloColomboFi yup, that's basically it. Worse country in the world by far.
@adityaproddutoor1373
7 ай бұрын
I find it challenging to research about my own country Netherlands 😅, and you have researched so many countries! Amazing research and video!
@RaijinTheGreat
3 ай бұрын
without your excel list i would have definitely gotten into some random bad etf to pay indifinite taxes in austria, thank you angelo, im so happy that i have found this channel
@AngeloColomboFi
3 ай бұрын
I'm really happy to hear that! 🙏
@betav
7 ай бұрын
Cumprimento de Portugal e obrigado pela tua dedicação em fornecer informação relevante para toda a Europa. Abraço
@AngeloColomboFi
7 ай бұрын
You're very welcome, sending a hug from Austria as well! 🇦🇹
@alunbe
7 ай бұрын
I cannot find the words to thank you enough for those amazing videos you make. This one in particular is so useful. we learnt so much through you. Thank you Angelo. 🙏
@AngeloColomboFi
7 ай бұрын
Thank you for writing that, hearing this means a lot to me! 🙏
@timothyroy20111
6 ай бұрын
Hi Angelo, I am so thankful to find your channel. I am from a 3rd world country but now studying and working in Austria. I could not find any videos in Investing in Austria in English. This video was something that I was looking for. Do you happen to have any video on filling capital gain, dividend and savings interest tax in Austria? It would be greatly helpful if you have a video for that or decide to create one. That would be greatly helpful! Thank you in advance!
@ewertonluan3981
4 ай бұрын
Thanks a lot for the ETF Tax Comparison for Austria, this is pure gold!!! Thank you for your work it is helping me a lot
@bernardogalvao4448
7 ай бұрын
I was not expecting Portugal to be third in your channel's viewership, wow!
@Michael-schroder
7 ай бұрын
Most of them, like me, are probably non-native residents looking to retire here. There are ways to pay 0 tax in Portugal on ETF income.
@davidcarvalho1070
5 ай бұрын
@@Michael-schroder Would you mind telling us how?
@sargenns2472
7 ай бұрын
Holy grail of tax avoidance. Thank you very much Angelo 🤙
@daniellajos8164
7 ай бұрын
Thanks for the info about Austria!
@ArnauViaM
7 ай бұрын
Great job, this requires a ton of work. Thank you
@KD-kl2gh
7 ай бұрын
What a great and helpful video, Angelo! I have had doubts about the pre taxes in Austria and thought they would be much higher, so it’s very reassuring to know they are actually quite low - thanks a lot for sharing your experience!
@AngeloColomboFi
7 ай бұрын
I'm glad you found it useful and that it eased your mind a bit! As long as you pick the right ETF, they're really not too bad. Even Germans had to pay 68% more tax via their Vorab-Pauschale on their Acc. Vanguard FTSE All-World ETF last year compared to us in Austria :)
@jbruck6874
7 ай бұрын
Dear Angelo for Germany, you forgot the mention the 30% tax freedom (ie. you multiply taxes w factor 0.7) for any Funds containing >50% stocks. That takes you to around 19%. No guaranties, but I am living there and suffer fron these high taxes :-)
@AngeloColomboFi
7 ай бұрын
True! It's taken into account when calculating the "Vorabpauschale" as well.
@kutayecevit4125
Ай бұрын
Engineering approach to finance subject appreciate the huge research behind. Thanks Angelo. Tax is always a hindrance for retail investor and Turkey is not an exception, please note that the shown 0 % tax is for Turkish stock exchange only and for now ! When it comes to capital gains and dividends abroad it is between 27-40 % .
@keithdunne5120
7 ай бұрын
This was very helpful, would be great to see more videos comparing European countries (Income tax, living expenses, social security, wealth tax etc.)
@franciscogarci7474
Ай бұрын
GOOD CONTENT!!! Very engaging right from the beginning These are tough times and frankly I appreciate how you discuss global finances in such a delicate way. Business and investment are the best way to make money even under the nose of the pandemic.
@Brendaalex2
Ай бұрын
Investing in stocks in a much brighter idea, don't you think so?
@selfhealingwork
21 күн бұрын
Such an informative video. Thank you for your work and time, Angelo!
@henriquefavre
7 ай бұрын
Excellent video, congratulations on the research.
@viniciusdss
5 ай бұрын
Angelo your videos are so informative, light and clear in the message. Keep it up! Sending you all the best. This specific video is so far the best of it’s kind. I just hope the EU deepens integration soon to end this madness of differences in regulations and tax systems once and for all hahah
@21stCNt
7 ай бұрын
Angelo, this video is huge! Keep going with the good job and viva l'europa!
@vravec4246
6 күн бұрын
Do you please know if Austria has an exit tax on the unrealized (not sold) ETF’s? I.e. when moving from Austria abroad - to another EU country, Switzerland or USA, does one need to tax somehow the ETF’s that one holds at the “end” in Austria?
@danjackson4460
3 ай бұрын
Ireland's 41% tax is awful and the Deemed Disposal rule is so stupid as it means less money for investors and less taxation for the government. It makes no sense.
@martinzember
7 ай бұрын
Hi Angelo, great video as usually, thanks :) I was wondering if you are planning to do a tutorial video for interactive brokers as it is bit tricky to navigate for basic users. All the best
@cristinan.6009
7 ай бұрын
Just in time for taxes, thank you Angelo! Pitty that taxation in Romania changed for the worst, it used to be better.
@DenisG631
2 ай бұрын
Great video! Do you know if I have to pay capital gain taxes in Germany, if I bought ETFs in Germany under IBKR account and then moved to other country, e.g. Greece or Switzerland?
@matrixpingui
7 ай бұрын
Discovered your channel recently and just cant thank you enough that you talk abt Europe investments and in English. Thank you so very much. Could you please make a video abt how you plan to sell your Acc. ETF once you reach your goal. I still do not understand how can i achieve financial independence/how to get monthly income with Accumulating ETF after reaching the savings goal. There are also taxes to consider with selling etc. Would really appreciate if you could pls explain this and share your own plans as an example. Would be greatly helpful. Thank you 🙏
@AngeloColomboFi
7 ай бұрын
My pleasure! 🙏 I talked about it here: kzitem.info/news/bejne/w5WKvqVvgWqhpYY
@wendynoble6545
7 ай бұрын
Very useful! Greetings from Austria.
@kadugis
7 ай бұрын
Thanks, from Lithuania!
7 ай бұрын
Thanks for the video, I live in Estonia so I can add you can postpone capital gain as long as you want if you don’t withdraw more money than you contributed by using an investment account or investing through a company which is fairly easy here 👍 That’s a good system to help compounding profits without any taxes as long as the money is not needed😉
@AngeloColomboFi
7 ай бұрын
That's great, thank you for sharing!
@gabrielepasetti4426
7 ай бұрын
Great video Angelo! it will be interesting to cover the rest of the world as well (continent by continent to avoid a 6000 minutes video), starting from UK and maybe some tax heaven countries.
@BrightMorningStar
4 ай бұрын
Hello Angelo. Amazing video. I live in Belgium. Can you please tell me where you got the data for the TOB tax? How did you find out that the purchase/sale tax was higher for Vanguard than for iShares and SPDR? What would it be for Invesco FTSE All-World?
@lucatube25
7 ай бұрын
Ciao Angelo, as usual many thanks for the great content, which remains a flagship for European investors. Could you please share the source of the information for the taxation in Belgium? Thanks!!
@AngeloColomboFi
7 ай бұрын
My pleasure! And thank you for saying that! 🙏 Curvo had some great information for Belgium: curvo.eu/article/invest-etf-belgium
@lucatube25
7 ай бұрын
@@AngeloColomboFi grazie 🙌
@anitamehrdadian2387
3 ай бұрын
Thank you Angelo :) GR here
@victoriacantemir5020
7 ай бұрын
awesome video and quality content, thank you Angelo for all your effort in creating transparency where little was there before 😊
@CarlosAlberto-do7uo
7 ай бұрын
Hi Angelo, at first congratulations to you, very good content in your videos! As you know Mintos launched a few months ago some bonds in their platform, do you have any comment about them? Are they a good idea for diversification?
@thefl9493
7 ай бұрын
Hello from Greece excellent channel you are an oasis for European investors, I have to mention as native Greek in theory no tax on accumulating, no tax on dividends pay but due to huge bureaucracy,dividend pay is in fact a taxable event with no tax but you have to declare every event and wait when the government to issue the return. There are cases that dividends were taxed and you had to present the double taxation agreement as proof between domicile and Greece and wait maybe month for the return of tax to be issued because Greece is years behind in terms of investing management. So imagine on every dividend yield + investing more capital + withdrawals you have to make declarations and proofs and more bureaucracy and then wait for tax return tedious very fast Go accumulating better
@yayadxbdoh
7 ай бұрын
When you are in retiring phase then it's probably not that difficult if you can just sell your accumulating ETF just once or twice a year ?
@yayadxbdoh
7 ай бұрын
Found this (assets.kpmg.com/content/dam/kpmg/gr/pdf/2023/04/gr-investment-in-greece-guide-04042023.pdf) : Tax exempt investment income Depending on the type of financial instrument, different tax treatment applies on the investment income arising therefrom. For example, amongst others, interest income from Greek State Bonds, capital gains from Greek and EU/EEA corporate bonds, capital gains from EU/EEA registered UCITS (Mutual Funds) are exempt for income tax purposes, but are however still subject to solidarity contribution.
@yayadxbdoh
7 ай бұрын
What is the solidarity contribution ?
@yayadxbdoh
7 ай бұрын
Special solidarity contribution The special solidarity contribution to which total annual income (actual or imputed) was previously subject (based on a progressive scale ranging from 0% to 10%) is abolished as of 2023.
@AngeloColomboFi
7 ай бұрын
Thank you for saying that, it means a lot! And thank you for sharing your insights on bureaucracy surrounding dividends. I guess it's best to pick accumulating ETFs in Greece as well then.
@StanislavLichev
3 ай бұрын
Dear Angelo, fantastic video! please keep the good work! unfortunately you did not cover my country of tax residency Luxembourg, i believe its very interesting example )) what are your observations on the country from tax eft perspective? by the way i am holding some US top tech stocks and i have noticed that i am taxed in the US on dividends as withholding tax, so now i am planing to switch to ETFs, do you think that if i sell i would be taxed in the US on the profit i made?
@dhaval1122
5 ай бұрын
Belgium @3:20 no capital gain tax but minor purchase and selling tax (~1%) Dividend from etf will be taxed so take accumulating etf
@CS-ko6kp
7 ай бұрын
This was really great! Thanks for all the hard work 🎉
@Diogo_1143
7 ай бұрын
Bom vídeo, informação relevante! 🇵🇹
@amberdelaquart5197
5 ай бұрын
As you didn‘t cover Switzerland 🇨🇭 I will make up for you: - no taxes on capital gains - dividends need to be added to your income and needs to be taxed as it - stamp taxes, everytime you buy or sell a share. National shares 0.075%. Int shares 0.15%. Notice: this tax is completely avoidable if you use a non Swiss broker like IBKR - ETF withholding taxes: the most attractive for us is to buy US domiciled ETF (only buyable through IBKR not any Swiss or EU broker). Here we can get back all withholding taxes as there is a tax agreement between US and CH. With irish domiciled ETF we always loose 15% withholding taxes which has to be paid to US. This is why most Swiss invest into US Vanguard World Stock ETF (VT) instead VWRL
@flaviusbendres9030
3 ай бұрын
This was informative. Will there be a follow-up for other countries such as Denmark where there is a high capital gains %? I am looking to start investing in an ETF (buy & hold) but considering this high tax amount, I am unsure which one to pick.
@er_mann6794
7 ай бұрын
I have a question. What happens when you move to another country? Do you have to "cash out" and then reinvest in the other country? Or just tell your broker that you moved? How does taxation work when moving to another country?
@Canellify
6 ай бұрын
Hey Angelo, thank you for this very informative video as per usual. I have my portfolio (just VWCE) on Interactive Brokers, but I am considering working in Austria in the near future. The Austrian tax system you described saddens me, as I am unable to find any resources on how to do it properly myself. Is it perhaps better to transfers my portfolio to Flatex? Have you yourself maybe considered this?
@AngeloColomboFi
6 ай бұрын
My pleasure! That's understandable, I also wish it was easier. Moving your shares to Flatex would definitely be simple option, but you also need to figure out if the country you're leaving wants taxes on unrealized profits when you move. If that's the case, selling the shares while you're still a tax resident in your current country and buying them again on Flatex, Trade Republic or Scalable once you're a tax resident in Austria might make sense as well.
@tonygrantham3213
5 күн бұрын
Here in the UK the dividends from accumulation or income ETFs is taxed exactly the same. Even if you don't receive the dividend in your account it's called a notional dividend. I'm surprised that this is not the same in all countries. This video may mislead people into thinking their accumulation ETF dividends are not taxable
@silversurfer6758
2 күн бұрын
Like yourself, I am in UK and was surprised to hear about how reinvested dividends can be treated as capital. I researched further and found what follows at website named etfstream: Tax-wise, UK investors need to pay income tax annually on dividends, regardless of whether they are distributed or accumulated, but they can subtract these out later for capital gains tax. As a result, the long-term tax result from both distributing and accumulating funds and ETFs is identical. In some EUROPEAN countries, investors do not have to pay taxes on dividends that they do not receive in their bank account. In this instance, holding accumulating ETFs could give a useful tax advantage over distributing ones. Selecting between accumulating and distributing ETFs boils down to personal financial goals and regional tax implications. Accumulating ETFs suit long-term growth seekers by reinvesting dividends while distributing ETFs provide regular income. Given the tax differences across countries, investors should consider their income needs and tax situation to make a choice that aligns with their investment strategy.
@cauzaster
6 ай бұрын
why does greece have 0 taxes on ETF , if your a foreigner resident who is paying taxes there are you also included ? Asking for a friend
@AngeloColomboFi
6 ай бұрын
If you live in Greece and have your tax residency there then yes, you also benefit from their 0% tax on UCITS ETFs.
@CMac78811
7 ай бұрын
Thanks from Ireland!
@Pegaz205
7 ай бұрын
Great video Angelo! Croatia here, we have 0% capital gains if you hold more then 2 years, and 12% on div. I have a question for you. I have a portfolio that i will try to get to 35% VUSD (USD version so i can reinvest when they pay dividends in dollars) and 15% VWRL. I want to create a income that can help me in the future and that I can leave to my kids. So what do you think is better to buy distributing ETFs and build my positions or go with acc version? My logic here is that buying acc version now and after some years selling to buy dis version would be more in fees then i pay in taxes on dividends (maybe i am wrong). And on other side i like receiving some $$ to get me going. And one more thing do you know why we pay more fees on buying VWRL EUR version then buying VUSD USD version (Interactive Brokers is the platform)? THX!
@AngeloColomboFi
7 ай бұрын
Thank you! Yes, Croatia is definitely one of the most attractive countries for ETF investors I mentioned :) I get the psychological aspect of seeing dividends paid out to your account, but the fact that these are taxed at 12% compared to paying no tax when selling Acc. ETF shares after two years (eg. 1-2%/year to have the same dividend yield in cash) definitely makes these less advantageous over the long run. We're also planning on simply selling some Acc. ETF shares in Austria once retired to cover our expenses - since trading fees have become so low, switching to a Distributing version wouldn't make sense. No idea, I usually pay 1.25€ in fees for VWCE (the Acc. Vanguard FTSE All-World) on IBKR using the tiered pricing model. You could try purchasing VWRL via a recurring investment, that usually lowers the fee to the 1.25€ minimum as well (again using tiered pricing)! This video might help: kzitem.info/news/bejne/kmidl2aLjmqgg4Y
@juanoula
7 ай бұрын
wonderful video
@hellothere6031
3 ай бұрын
Hello Angelo! Thank you for this Video. As someone living in germany with an N26 account, do you recommend using it for trading? Thank you
@gpmn801
7 ай бұрын
Amazing work! Grazie Angelo 📈
@RobinStaple
7 ай бұрын
Thank you, that is an extremely helpful video! Brilliant!
@cmmcampos
24 күн бұрын
Very interesting video. Do you have any information on whether you pay capital gains taxes considering the country where you originally bought the ETFs or the country you are living when you are selling them? Does this vary a lot between countries? This can be useful when planning retirement.
@ArnoutVanhulle
7 ай бұрын
Great video. Great research. Once again!
@SheshkuDeiwe
7 ай бұрын
Thank you, this is very helpful!
@dimitargeorgiev2936
7 ай бұрын
Sooo happy to be Bulgarian right now :D
@zabir1271
7 ай бұрын
It's simple, i open a video from Angelo, first thing to do is to click Like, cause his value given track record shows me that i will most likely get a lot of value from it as always. P.S. Past performance is no guarantee of future results. :)
@AngeloColomboFi
7 ай бұрын
I love hearing that, thank you! :)
@TA-MUSIIQUE
7 ай бұрын
Cool video, from France
7 ай бұрын
What a master piece. Best KZitem channel for European investor in Europe! Video suggestion: Exit tax, that it which countries have an Exit Tax on capital gains in case you are no longer a resident. For example, someone in Austria is holding an accumulating ETF, before you sell any shares you move to Greece. Can you “bring” your shares to Greece and would Austria want you to realise capital gains before moving to Greece.
@AngeloColomboFi
7 ай бұрын
Thank you Italo, that means a lot! 🙏 Interesting idea, I'd be interested in researching that as well! Hopefully that information is freely available, without needing to consult tax accountants in each country.
@simonp6339
7 ай бұрын
There is an exit tax in Austria, basically it's treated as selling everything and you need to pay full taxes on gains. It's called Wegzugbesteuerung. Though you can apply for paying the tax later when you sell, which is called Nichtfestsetzung I believe. But that requires a lot of manual bookkeeping. This basically doesn't exist in Germany by the way, only when you directly own a GmbH or something, so for the normal private person it doesn't exist.
@beatrizsilveira3806
2 ай бұрын
.Thank you for the detailed info on Austria! Regarding your excel file on the ETF comparison, on column E (KESt), shouldn't this value be averaged over the running period?
@AngeloColomboFi
2 ай бұрын
I figured it made more sense to sum up the total amount of tax paid by holders for that period and to see the percentage of the price increase for the entire period that has already been taxed in column G (which is basically the average). Definitely not the perfect system, but the best I could come up with in order to compare similar ETFs
@Aesandar
6 ай бұрын
You are almost right with Germany. There is capital gains tax of 25%+5,5% soli, it is about 26,375 for stocks and dividends BUT there ist 30% cut on etf taxes. This lower etf capital gains and etf dividend tax to about 18,5% and there is also 1000€/year tax free allowance for gains and dividends so it cover for example this yearly tax from etf capital gains for most of etf buyers and lower tax year after year for buy&hold etf investors. This yearly gain tax for etf is made specially for ppl getting etf to use this allowance and drop their capital gain taxes after many years of holding etf. There are quite few strategies to use all of tax cuts in Germany :)
@afewerkighebremichael8684
4 ай бұрын
Hello Angelo, Which broker would you recommend if I move from Italy to Belgium? Currently, I am using Scalable Capital because I am still a resident of Italy! Thank you, as usual, for your work!
@AngeloColomboFi
4 ай бұрын
Trade Republic or Interactive Brokers (links in the description) are active in both of those countries, so either of the two should not be a problem! If you're looking for commission-free saving plans (as with Scalable) and tax reports specifically for Italy, then Trade Republic will be easier!
@GT-ef9pe
7 ай бұрын
Hi Angelo, very nice video, and also quite original topic! This brings to my mind a question. What if, after investing a good amount in ETF for many years on a certain European country that has a high taxation (I live in Spain for example), I would move to live in Greece for a couple of years and sell my ETFs there at 0% tax? Is it feasible/legal?
@AngeloColomboFi
7 ай бұрын
You have to find out if Spain has an exit tax or not, which may force you to tax unrealized capital gains there when leaving
@gabrielenicolini5988
7 ай бұрын
As always well done and thank you!
@okpolihenry983
4 ай бұрын
you have earned my sub
@ico5048
7 ай бұрын
Ciao Angelo, grazie per i video molto informativi, di cui sono venuto a conoscenza solo da poco. Vivo anche io a Vienna e volevo approfitarne per chiederti se la documentazione che TradeRepublic fornisce per la dichiarazione delle tasse sia difficile da compilare senza l'aiuto di un commercialista. Pensavo per lo piú di depositare i miei risparmi sul conto al 4%, anche se ETFs e altri investimenti potrebbero interessarmi. Ma finora sono bloccato per via delle recensioni che ho letto sulla difficoltá di compilare le tasse. In bocca al lupo e continueró a seguirti!
@razvan6876
7 ай бұрын
Mulțumesc pentru munca ta! That's "Thank you for your work!" in romanian. 👏🏼
@robindestefani234
5 ай бұрын
What about Switzerland? Great video, thank you!
@4mb127
6 ай бұрын
Nice research.
@user-rj4vs9hr6m
7 ай бұрын
Hi Angelo, question: I invest on interactive brokers, but I live in Europe as European citizen (Greece). When it comes to tax, does it matter Where the broker actually located or on which market I have bought the stocks or ETF ? For instance Interactive brokers are located in USA however, the ETF I bought is from Italian stock exchange in Eur.
@AngeloColomboFi
7 ай бұрын
No, shouldn't matter, at least based on my research. Your IBKR account is most likely based in Ireland (IB Ireland) by the way!
@jagos9376
6 ай бұрын
Servus! Ich bin neu und würde gerne in (Dist)-ETFs investieren (Hauptwohnsitz in Österreich), ich hätte Trade Republic gewählt. Kannst du ausschüttende ETFs empfehlen oder ist die Steuerlast größer? Doch lieber einen Acc wählen? Anlagedauer voraussichtlich über 10 Jahre
@mickoskimiki
7 ай бұрын
Great video 👏👏👏
@joepilingui
7 ай бұрын
One question: would it be worth it and possible to go to live in a country with low taxes just the year one want to sell his ETF? For example, living 20 years in your own country X, and the last year, moving to Greece for some time just to sell your parts? Thanks!
@AngeloColomboFi
7 ай бұрын
That would indeed be lovely, but your country might charge an exit tax on unrealized profits
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