The subscription tax (taxe d’abonnement) is a flat-rate registration fee levied on the negotiability of the securities of certain investment vehicles. This annual tax is levied on:
- The net assets of investment funds as well as
- In the case of family wealth management companies (Sociétés de gestion de patrimoine familial -SPF), the paid-in share capital plus share premium and a part of debt.
The subscription tax is paid on a quarterly basis.
In case of any questions, please do not hesitate to contact the subscription tax team.
Update to subscription tax forms on MyGuichet 2025
Introduction of the possibility of indicating the negative net asset value (‘NAV’) in the subscription tax form:
As part of its ongoing efforts to simplify administrative procedures, the Registration Duties, Estates and VAT Authority (“AED”) has introduced the option to declare a negative NAV instead of a zero amount for investment funds (UCIs, SIFs, RAIFs).
This new option enhances the reconciliation of declared values and eliminates the need for additional requests to investment funds (UCIs, SIFs, RAIFs).