Investment: Apply for NV certificate and save taxes

 

 

Image: Woman loves piggy bank 

Berlin – Investors with low incomes are advised to apply to the tax office for a non-assessment certificate (NV-attestation) in order to save taxes. This was explained by the Federal Association of German Banks in Berlin. If such a certificate is presented to the Bank, interest and other capital income may be paid without deduction of withholding tax. This also applies if they exceed the saver lump sum of 801 euros per year.
The NV certificate is for consumers whose taxable annual income is expected to be below the basic allowance of EUR 8004. For couples, the amount is 16,008 euros.

 

 

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