How UCITS ETFs are taxed in Germany

A quick reference for Germany-resident investors holding UCITS ETFs — dividend and capital-gains tax, the reduced US withholding rate via tax treaties, allowances, and whether accumulating or distributing is more efficient.

Dividend tax

25%

Capital gains tax

25%

US withholding (treaty)

15%

Wealth tax

Tax-free allowance

1,000 EUR

Ireland tax treaty

Yes

Tax notes for Germany

Flat 25% Abgeltungssteuer on all investment income. €1,000 annual tax-free allowance (Sparerpauschbetrag). Accumulating ETFs subject to Vorabpauschale annual deemed distribution.

Accumulating vs distributing: Minimal — Vorabpauschale neutralises most advantage. Learn more →

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Calculate your exact net income

Upgrade to Pro to model any UCITS ETF in Germany — withholding, local tax, allowances and your real take-home income.

Educational information only, not tax advice. Rates change and depend on your circumstances — verify with a qualified adviser.