Tax exemption or refund from Instant Access Savings
Tax exemption or refund
You can save on taxes by setting up a tax exemption order (Freistellungsauftrag) or submitting a non-assessment certificate (Nichtveranlagungsbescheinigung) to Revolut. An exemption order prevents automatic tax deduction.
The maximum legal limit is €1,000 for individuals and €2,000 for married couples or registered civil partnerships who file taxes jointly. See this article. A non-assessment certificate exempts you from all taxes on your capital gains. Refer to this FAQ.
Not all exemption type applications might be readily available to you. However, you’ll be able to submit one during the course of the year. Availability details and application process for tax exemptions will soon be published. Refer to Federal Central Tax Office (BZSt) for more on tax exemption.
Personal tax responsibility
If you have any questions regarding your tax responsibilities, you should seek independent advice from a professional tax adviser.