I’m presently wanting into shopping for ETFs both over Degiro or a neighborhood dealer (flatex) however the tax implications are fairly obscure.
First query: I do not fairly perceive the distinction between accumulating and distributing ETFs and the way they’re taxed right here in Austria. Both appear to pay out the dividends to the holder and naturally each must he taxed however I do not perceive why there’s a distinction.
Second query: I learn loads that going with a neighborhood dealer will make the taxation course of simpler, however I’ve but to grasp how… Do they simply pay the capital acquire tax for me and depart me with the remaining which I then do not should report in my taxes anymore (tax is already paid)?
Sorry if my questions appear imprecise, I’m but at first technique of understanding all of this.
All assistance is appreciated!