Application for exemption: where and how to apply for it
You can apply for an exemption order from your bank, savings bank or wherever you have invested your money. As a rule, every bank offers a form for this, which you only have to fill out and submit. If you do not select anything else, the exemption order is valid for one calendar year. But you can also issue it indefinitely.
If you have accounts with several banks, you must issue an exemption order to each of them and divide the exemption amount between the banks. This means that you have to estimate beforehand how much profit you will make and where. The annual depot check is also suitable for this, for example.
Example: If you expect more income from your shares than from your savings account, you should give the bank where you have the custody account a higher amount in the exemption order.
A notice: You don’t have to worry about the taxes being paid to the tax office yourself. Your bank will do this automatically and you will be paid the profit after taxes. That is why an exemption order is so important, otherwise you will have to laboriously recover the overpaid taxes.