Hi Just started buying euro corporate bonds through IB but wondering what the withholding tax situation is. Hold a bunch of USD bonds and there´s no WT on them, I just pay taxes on interests received in Spain (where I´m resident) the following calendar year Can´t say a first google search brought clear answers. With stocks in Europe different countries charge different withholding tax, up to 15% is fine as I can deduct it from my spanish taxes easily, but over that rate it is a problem (it´s the case with german and swiss stocks, and afaik also with french stocks depending on the broker) Any first hand experience feedback would be most welcome !
Are you a Spanish resident for tax purposes as well, or are you taxed by uncle sam or others as well?
Spanish tax resident, I pay witholding tax to IRS @15% on US stock dividends and 0% on interest payments from US bonds, than I pay some more to Spanish tax authorities- Up to 15% I can deduct fully from spanish tax, hence it´s fine