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

Exemption order

If your taxable investment income does not exceed €801 per annum, or €1,602 for married couples/life partners assessed jointly, an exemption order to your bank is sufficient to avoid the bank deducting tax on investment income.

You can also distribute the saver's lump sum of €801/€1,602 among several credit institutions. Within a credit institution, it is not permissible to limit the exemption order to individual accounts or securities accounts.

Non-assessment certificate (NV certificate)

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

Once you have presented the non-assessment certificate to your bank, the bank can pay out the investment income without deducting tax. Please bear in mind that you will need a copy for each bank from which 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 it. Therefore, you will not receive a non-assessment certificate if the tax office has determined that you have a remaining loss deduction.

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