Are investors happy with De Giro brokers

They seem super reputable, though I found their customer service processes a bit painful. I would trust them. Personally using eToro, trading 212 and revolut
 
Just a query for others with Degiro accounts. Re withholding tax on US stocks. What % is being deducted by Degiro for you?

I only have one US stock with Degiro. They're taking 35% off after saying 15% in the upcoming dividends area. I've only copped onto this now after them probably doing this taking 35% after saying 15% in upcoming for years. Whereas Trade Republic never takes more than 16.66% for my US stocks...
It should be around 15% in line with the Ireland-US double taxation treaty, right? Anyone else have this as an issue?
 
Actually just seeing dividend now from the same stock in Trade Republic today, and it's 36%... Strange that it would be specific to just one company with both platforms...
 
Going in to submit the W-8 now and I see the status of it was that it was rejected because my account information changed... is it possible they rejected it because country of my designated bank account isn't Ireland? (because it's with N26) but they never informed me. Hating Degiro more and more now...Even if I should have been more on the ball on the 15%.
 
You are able to reclaim overpaid tax from the US IRS with these forms but I don't know how complicated that is.

About Form 1040-NR, U.S. Nonresident Alien Income Tax Return | Internal Revenue Service

Form 1040-NR is used by nonresident alien individuals, estates, and trusts to file a U.S. income tax return.
www.irs.gov

About Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding | Internal Revenue Service

Information about Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, including recent updates, related forms, and instructions on how to file. Form 1042-S is used by a withholding agent for an information return to report certain income paid to addresses in foreign countries.
www.irs.gov
 
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dubliner8 said:
is it possible they rejected it because country of my designated bank account isn't Ireland? (because it's with N26)
Click to expand...
Yes - that would be a reason for rejection. From the Degiro helpdesk:

In order to successfully apply for this ‘Relief at Source’ service, your country of residency, country of tax residency and bank account country should match (meaning, all should be registered in the same country).
 
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@Corola Trade Republic have given me this other explanation: While your W-8BEN form ensures that US-sourced dividends benefit from reduced withholding under US-Ireland tax treaty, #### is a Finnish company, and it's dividends are considered foreign-sourced - even when traded as ADRs on U.S. exchanges.

As a result, the W-8BEN form does not apply to ##### dividends, and the default Finnish withholding tax rate of 30% may be applied. In some cases, additional charges or platform-level fees may result in a total deduction of up to 36%.

Tried doing a google on taxation of ADR dividends but not getting a clear answer yet, would you know if the above is correct?
 
dubliner8 said:
the default Finnish withholding tax rate of 30% may be applied.
Click to expand...
Shouldn't that be 35%?

Which statutory withholding tax rate applies to the dividend income in my account? | DEGIRO

www.degiro.com
 
DeGiro are charging me 35% as well as a fee to draw it down. Trade Republic however are all over the shop with percentages. 12.5%, 14.28%, 16.66%, 36%... the 16.66% is the most common. These are just for what I thought were US stocks.
 
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