Transaction tax (TOB): NO
Dividend tax: NO
Reynders tax: YES
Wealth tax: YES

The details
By investing with Curvo:

You will not have to pay the transaction tax (TOB or "beurstaks" or "taxe boursière") because Curvo portfolios only work with index funds that are exempt from it.
You will not have to pay dividend taxes because all funds in Curvo's portfolios automatically reinvest dividends. This is called an accumulating fund.

On the other hand, there are two taxes which are mandatory.

1. Reynders tax
The Reynders tax is charged by the Belgian state whenever a bond fund is sold. This happens when your portfolio is rebalanced or when you withdraw all or parts of your investments. The tax amounts to 30% of the profits for the bond funds that are sold. Stock funds are exempt from this tax.

Example
Imagine you're investing €10,000 in the Curvo Energetic portfolio. The portfolio consists of roughly 70% stock funds and 30% bond funds. So the breakdown is:

€7,000 in the stock funds
€3,000 in the bond funds

A year later, your portfolio has grown in value. The stock funds have gone up to €7,800 and the bond funds are valued at €3,200. Your investments are now worth €11,000.

You decide to withdraw the full €11,000. Upon the sale, you will have made a profit of €200 on the bond funds. So the Reynders tax will amount to €60 (30% of €200).

How do you pay it?
The Reynders tax needs to be declared with your yearly personal tax declaration. For instance, if you have made a withdrawal during 2021, you will have to declare these Reynders taxes with the personal tax form that you submit in 2022. We will provide you with detailed instructions on the amounts and which lines to fill in.

The tax must be paid after you've made the declaration. Again, we will send you the step-by-step instructions on how to do this. It only takes a minute.

2. Wealth tax on investment accounts over €1,000,000
The wealth tax ("taxe sur les comptes-titres" or "effectentaks") is applicable to anyone who has more than €1,000,000 held on investment accounts and equals to 0.15% of the total value. Note that you're still liable to this tax if you hold €1,000 with Curvo and €999,000 with other investment firms.

If you're fortunate to have that amount of money, let us know and we will help you with its declaration from the assets that you hold in Curvo.
Was this article helpful?
Cancel
Thank you!