Qonto Investments is designed to keep your accounting simple. Our partner Upvest automatically generates the relevant tax documents — you'll find them directly in your Qonto documents inbox:
- an annual tax statement (Steuerbescheinigung), issued once a year in March/April for the previous year
- an annual account statement (Jahresdepotauszug), a confirmation for each buy and sell transaction, and a dedicated document for the Vorabpauschale
What you need to know about taxes:
- Capital gains tax plus solidarity surcharge (Soli) on the Vorabpauschale (the annual notional income on accumulating funds) is handled automatically by Upvest every January (of the following year) via a sell-to-cover transaction — no action required on your end.
- Gains from a sale are processed gross by Upvest, meaning no tax is automatically withheld — your tax accountant will account for these gains in your tax return.
- All amounts displayed on the platform are gross (before taxes).
All documents can be shared directly with your tax accountant. If your Qonto account is connected to DATEV, your investment transactions will be automatically transferred to DATEV — giving your tax accountant direct access to all relevant bookings.