Tax with Foreign Brokers
IBKR-based brokers do not withhold German capital gains tax. BubbleTax automatically creates your tax report from FlexQuery data.
What's different about foreign brokers and taxes
Brokers like Interactive Brokers, Lynx, CapTrader, MEXEM and WH SelfInvest do not automatically withhold German capital gains tax – your capital stays invested longer. In return, you are responsible for reporting your capital gains in your tax return:
- •Gains and losses using the FIFO method (§ 20 Abs. 4 Satz 7 EStG)
- •Foreign currency gains from USD, GBP and other currency accounts
- •Dividends and creditable withholding tax under DTAs
- •Corporate actions like splits, spin-offs and tender offers
- •ETF advance lump sum and partial exemption under InvStG
Supported Brokers
Interactive Brokers
Interactive Brokers does not withhold German capital gains tax. BubbleTax automatically creates a complete tax report from your IBKR data for the German tax office.
Learn moreMEXEM
MEXEM uses the Interactive Brokers platform and does not withhold German capital gains tax. BubbleTax creates your tax report automatically – as an official MEXEM partner.
Learn moreWH SelfInvest
WH SelfInvest offers an all-inclusive service: tax report delivered by email automatically – or upload yourself via BubbleTax. Official partner.
Learn moreProRealTime
ProRealTime uses Interactive Brokers for order execution. BubbleTax creates your tax report automatically – coupon available via ProRealTime.
Learn moreLynx
Lynx uses the Interactive Brokers platform and does not withhold German capital gains tax. BubbleTax creates your tax report automatically from the FlexQuery XML file.
Learn moreCapTrader
CapTrader uses the Interactive Brokers platform and does not withhold German capital gains tax. BubbleTax creates your tax report automatically from the FlexQuery XML file.
Learn moreThese brokers recommend BubbleTax as the tax solution for their clients
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