Question 1

How do I declare my account to the Belgian tax authorities?

Accepted Answer

Your investment account is with NNEK in the Netherlands. This means you have to tell the Belgian tax authorities about your Dutch investment account. For that, you need to do two things.

1. Declare your account to the Belgian National Bank (once)

The instructions are in the Curvo app in your "Account" section, and are also available here. You need to do this once upon opening your account.

2. Mention the account on your tax form (every year)

We will give you detailed instructions every year. Use them when you complete your tax form. View the instructions for the tax year 2023

To know more

Dutch

Buitenlandse rekeningen melden on the website of the National Bank of Belgium
FAQ rond buitenlandse rekeningen on the website of the Federal Public Service Finance

French

Déclarer des comptes étrangers on the website of the National Bank of Belgium
[FAQ sur les comptes à l'étranger](https://finances.belgium.be/fr/particuliers/international/revenus

Question 2

How do I declare my account in the 2023 tax form?

Accepted Answer

|| The instructions below are for the 2023 tax form which you complete in 2024.

The screenshots are for filing your taxes online through Tax-on-web. The instructions for the paper form are similar.

Dutch

Add the account to "Vak XIII" under "A. Rekeningen in het buitenland":

Declare the account in the Dutch 2023 tax form

Check the box 1075
Fill in your name
Indicate "NEDERLAND" as the country
Check the box "Zijn de wettelijk bepaalde gegevens over de rekening bij het Centraal Aanspreekpunt bij de Nationale Bank van België gemeld?".

||| Before you check the box "Zijn de wettelijk bepaalde gegevens over de rekening bij het Centraal Aanspreekpunt bij de Nationale Bank van België gemeld?", make sure you declared your account to the Belgian National Bank.

French

Add the account to "Cadre XIII" under "A. Comptes à l'étranger":

Declare the account in the French 2023 tax form

Check the box 1075
Fill in your name
Indicate "PAYS-BAS" as the country
Check the box "Les données relatives au compte, qui sont prévues par la loi, ont-elles été communiquées au Point de Contact Central de la Banque nat

Question 3

How do I declare the Reynders tax in the 2023 tax form?

Accepted Answer

|| The instructions below are for the 2023 tax form which you complete in 2024.

How do I know if I need to declare the Reynders tax in tax year 2023?

We let you know via email, and in the app under "Admin" in the "Account" section.

How do I declare the Reynders tax?

Add the amount to declare to box 1444. We let you know the amount in the Curvo app and by email. The Reynders tax you'll pay is 30% of the amount you declare (but you need to declare the entire amount).

Dutch tax form

Declaring the Reynders tax on the 2023 tax form in Dutch

French tax form

Declaring the Reynders tax on the 2023 tax form in French

||| The above information is general in nature and is made available for informational purposes only. The information displayed should in no way be considered as personal tax advice. The above information is based on sources deemed reliable by the author. However, Curvo in no way guarantees the accuracy or completeness of this information and cannot be held liable for any direct or indirect damage that may arise as a result of its inaccuracy or incompleteness. This information is subject to possible changes in legislation and tax treatment. The final tax treatment depends on your personal situation.

Question 4

How do I declare my account to the Belgian National Bank?

Accepted Answer

Do I have to declare my account even if I haven't invested yet?

Unfortunately you do. Once your account is opened, you have to declare it to National Bank.

Declare your account

There are two ways to declare your foreign account to the Belgian National Bank:

Online
Through a paper form

The easiest way is to do it online and this is the one we'll focus on.

Declare your accounts by filling in the form available on the website of the National Bank of Belgium. If you go for the electronic route, remember that you'll either need your identity card (with chip!), your PIN code and a card reader or else access to your itsme account.

We'll use the French speaking form as an example.

Step 1

Start with login into CSAM account using itsme:

Step 2

Then select "contribuable" or "belastingbetaler":

Step 3

Click on "Add new account":

Step 4

Enter the account information. You must first find your account number.

| To find your account ID,

Question 5

How is my money invested?

Accepted Answer

When you send money to be invested, the following steps happen:

You make the deposit
Your deposit is received
The orders are sent to the fund providers
The investments are completed

Receiving your deposit

We count up to 3 business days (although it usually happens faster) between you making the deposit and the money being received at the Rabobank deposit account (managed by NNEK). The money stays on that account until it is sent to the fund providers to be invested.

Sending orders to the fund providers

Sometimes orders are passed on the same day, but sometimes it is only the working day after, depending on the timing that the deposit comes in. Here, NNEK (who manages your investments) will create the orders orders that fit the portfolio you are investing in. The orders are then sent to the different fund providers, namely Vanguard, iShares (BlackRock) and Amundi. This happens once a day and only when the financial markets are open (Monday to Friday).

Completion of the investments

It can take up to 4 working days for the investments to be confirmed. Purchases are not instantaneous as you are not purchasing ETFs through an exchange but rather institutional funds where the orders are run once a day. The investments offered by NNEK and made accessible through the Curvo app are for long-term investing and not suited for timing the market.

Once the fund providers confirm the orders, the custodian safeguards the assets. The [custodian](https://curvo.eu/how-

Question 6

How do monthly contributions work?

Accepted Answer

Through the Curvo app, you can easily set up monthly contributions through SEPA Direct Debit. The money is debited the first business day of the month and you can edit or revoke the contributions as you wish through the app.

How long does it take for the money to be invested? It can take up to 8 business days as there are two factors at play:

1) SEPA Direct Debit

Under SEPA Direct Debit, funds are debited even if the customer does not have sufficient funds on his bank account. For example, if you set up a direct debit of €300 but you only have €200 on your bank account, the full amount of €300 would still be debited and transferred to the account. What happens though is that your bank will come to us a few days later and automatically take the money back. This is a risk if for instance the funds have been invested by then.

As all customers are new, NNEK provides a 4 business-day window as a safety net, to see if the customer's bank will call the funds back. There is a plan on building a more robust "trust" system for customers who have been using Curvo for a couple of months. The idea would be to reduce the length of this window as the "trust" in a customer increases after successful contributions have taken place.

2) Initiating the purchases

Purchases are not instantaneous as you are not purchasing ETFs through an exchange but the funds are purchased directly from Vanguard and BlackRock (institutional mutual funds instead of ETFs). The price is set once per

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