I am now opening a separate thread about Degiro as a broker. In my opinion, that general discussion about brokers is quite confusing, as there is cross-discussion about 10+ brokers in consecutive messages.
Has anyone found out what the negative return percentage of that Money Market Fund, which
Money Market Funds
FundShare UCITS EUR Cash Fund
ISIN: NL0010661914 (EUR)
| Sub Fund Name | Start date | Management fee | NAV 06/12/20 | 1m | 3m | 6m | YtD | 1yr | 3yr | 5yr | Start |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FundShare UCITS EUR Cash Fund | 9/5/2014 | 0.09% | 0.9854 | -0.04% | -0.18% | -0.32% | -0.31% | -0.64% | -1.46% | -1.46% | -1.46% |
Thanks @Hurde. After all, -0.64% per year is quite a lot, so I just placed a withdrawal order for my cash. So I’ll have to keep moving money back and forth between my bank account and DeGiro.
Inspired by the new Degiro thread, a question about Degiro dividend taxation. Below are a couple of examples of Nordnet vs. Degiro dividend taxation:
Have I understood correctly that the tax authority still wants an additional 10% on top of the Degiro 1b and 2b dividend taxes, and if I want the overpaid (40%-25.5%) 14.5% back, I have to claim it from the Dutch tax office?
If this is the case, I will have to consider the future domicile of these Nordic dividend payers.
Edit. This just got even more interesting, as the messages below reveal. Another 20% “dividend tax” has been levied on Finnish shares, meaning approximately 25% of overpaid dividend taxes should be claimed back from somewhere.
I don’t remember off the top of my head, but Degiro charged about 50% tax on my Sampo shares. At first it looked like it would be 30%, but some additional tax appeared when the dividend was paid. I didn’t notice if it was the same situation with Fortum’s dividends when I checked my statement. Hopefully, it’s something to be clarified with the domestic tax authority. I owe them money for this year. 
I’m also considering through which channel to buy Swedish dividend stocks.
US and Dutch stocks are fine with Degiro.
E: I checked Fortum. The “normal” 30% was applied.
Odd… my Sampo went the same way as Remedy, i.e., 30%.
I also have one Kanda stock bought from the US stock exchange in Degiro’s “dividend portfolio.” 25% has gone from this, and with bad “luck,” the Finnish tax authorities will still take an additional 10.5% from this.
Wasn’t the “additional tax” related to an event called “Corporate Action Fee”? As far as I understand, this is a fee charged for processing dividends, which is charged at least with the Custody account type.
The size of this fee is another matter 
For me, the size of this expense has varied between 3.2% - 9% (calculated from the original gross dividend before withholding tax). The larger the dividend, the smaller the relative expense.
I have a Basic account. I sent an inquiry to customer service.
Both were under the name “dividend tax”. Toot toot and 100 characters full.
It was good that you mentioned the “additional tax,” it made me go investigate my own account transactions. My account type is Trader.
And indeed.
What on earth is going on here?
I’m starting to consider becoming a fund saver. 
I still need to check Fortum again on my computer. I just quickly browsed it on my phone, but only focusing on the dividend. Your Remedy shares were sold quite late. Although at the same time I looked at Sampo and that section.
{“content”:“Same problem here. An additional charge (called dividend tax) is levied on Finnish dividends. They take a total of 50%.\n\nGuess I’ll have to pull Finnish stocks out of there if this is how it goes”,“target_locale”:“en”}
I also have a Degiro Basic account and 30% and later 20% dividend tax was deducted from Tokmanni, Kamux, Capman, Talenom and Sampo dividends. The latter was not deducted from Neste, Fortum and Taaleri dividends. Please share information in the thread when customer service replies. It might take a while…
I already received an answer.
Nowadays, the prospectus states a 50% withholding tax to Finland. I’d almost dare to say that it was 30% when the account was opened.
I also asked how Fortum differs from Sampo.
I sent more questions there.
I guess I can copypaste this here:
Thank you for your email.
Withholding tax is usually withheld by the paying agent of the paying organisation, but withholding can also take place higher up the custody chain. DEGIRO usually receives the income as a net amount, after the deduction of withholding tax.
The reason why the lower tax treaty is not automatically applied is due to the fact that there can be many parties interposed between the beneficial owner and withholding agent, such as (several) foreign and domestic parties in the custody chain (custodians). The withholding agent then withholds the statutory tax rate and not the lower tax treaty rate.
In cases where a lower tax rate should be applied on the basis of a tax treaty, it is occasionally possible to reclaim part of the withheld tax in the source country. To reclaim excess paid withholding tax, a reclaim request needs to be submitted at the tax authorities in the source country. The complexity of the reclaim process varies per country.
Each country adapted its own reclaim procedure. Usually, these procedures are time-consuming, costly, and require the cooperation of different parties. For this reason, it is seldom profitable to start a reclaim procedure.
For more information and applicable tax rate, please see “withholding tax” on our tax page. The withholding tax for Finnland is 50 %.
Please do not hesitate to get back if you have any other questions.
Here are the withholding taxes:
Ok, thanks. So the 50% withheld from dividends is safely stored with the Finnish tax authorities. That works too.
I once applied for a tax refund on Tele2 capital repayments from the Swedish Tax Agency (Skatteverket). I’d rather not do that a second time, let alone deal with it every year. I’ll buy Swedish dividend payers through some other means.
Thanks @MikkoVee for clarifying this. I guess “tax authorities in the source country” is indeed the Finnish tax authority, so they’re stored there as @Sulo-eno speculated. In Sweden’s case, one would have to activate themselves on the other side of the bay, if there’s enough energy for such a thing.
“Withholding tax of 50 per cent is levied on dividends paid on or after 1 January 2020 if the dividend payer does not receive the identification details of the dividend recipient and the payer knows that the dividend recipient is generally liable to tax in Finland.”
Could someone please explain this to an idiot like me. Will the tax authorities automatically refund the “extra” 20% withheld, do I need to apply for it separately, or won’t I get it back at all?
I’m thinking that this entire 50% withheld is tax paid on capital gains. If there were no other capital gains this year, the overpaid amount would likely be refunded after the 2020 tax assessment is completed (or it would wait for capital gains from which it could be deducted in later years, TBD). If there are other capital gains from this year, e.g., sales profits, the over-withheld portion will be taken into account in their taxation.
Dear Mikko,
Thank you for your reply.
The dividend tax is paid by the paying agent or the company/organisation.
Since we are a Dutch broker with an omnibus structure, the local tax rate for every country applies. In the case of Finland, it will be 50 % even though you are a Finnish tax resident.
We remain at your service.
