As a Danish bank regulated by Danish law Saxo Bank A/S is obliged to report information on all its clients without exceptions. The tax reporting is on account level and not on client level.
Saxo Bank reports, among other things, the following information on all its clients regardless of the country of residence:
- End-year cash balance
- Sum of interest income and costs
- End-year positions
- Transactions in all securities (shares, bonds and ETFs) during the year
- Realised and unrealised profit/loss on derivatives (futures, options, CFDs and FX)
- All dividend and bond coupon payments