The retained taxes and allowed corporation tax are offset against the stockholder's total tax liability. Together with the dividend cheque from DaimlerChrysler AG the owner of stock certificates receives a statement of account which may be presented to the fiscal authorities as a tax certificate. These include dividends from German corporations. For persons to whom this provision applies, the income tax deducted from the dividend as withholding tax is deemed to settle the tax liability of these persons. The level of withholding tax retained in Germany also depends on the provisions of any double taxation agreements between the Federal Republic of Germany and the stockholder's home country.
Foreign stockholders receive no corporate tax credit.
Taxation abroad Taxation of German dividends in the stockholder's home country is subject to the local fiscal regulations. The custodian bank provides the stockholder with a certificate showing the retained withholding tax and solidarity supplement. The corporate tax credit is also confirmed. The amount must be claimed until December 31, 2005. In such cases the stockholder should seek professional advice.