Apply for capital gains tax exemption

In certain cases, you can avoid the deduction of tax on investment income from the outset:

Exemption order

If your taxable investment income does not exceed € 1,000 (until 2022: € 801 or € 2,000 (until 2022: € 1,602) for jointly assessed spouses/partners, an exemption order to your bank is sufficient to avoid the deduction of tax on investment income by the bank.

You can also distribute the saver's lump sum of €1,000/€2,000 among several banks. It is not permitted to limit the exemption order to individual accounts or custody accounts within a credit institution.

Non-assessment certificate (NV certificate)

If your income, including investment income, does not exceed the basic income tax exemption amount in the calendar year, you can apply for a non-assessment certificate from your local tax office. The tax office will then send you the non-assessment certificate.

Once you have submitted the non-assessment certificate to your bank, it can pay out the investment income without deducting tax. Please bear in mind that you will need one certificate for each bank where you receive investment income.

A non-assessment certificate will not be issued if you are likely to be assessed for income tax or if you apply for one. Therefore, you will not receive a non-assessment certificate if, for example, the tax office has determined a remaining loss deduction for you.

The non-assessment certificate is issued subject to revocation for a maximum period of three years and must expire at the end of a calendar year.