Hey bunqers 🌈
The Financial Transaction Tax (FTT) is a government-mandated tax applied to most of French, Italian and Spanish stocks. If you purchase French, Italian, or Spanish stocks that qualify for this tax, you will have to pay it, regardless of where you live. The FTT tax will be shown in the app before you finalize a purchase and will be added to the purchase price.
What are the trade percentages per country?
Here are the taxes you can expect to pay for stocks the FTT applies to, by country:
- 🇮🇹 Italian stocks - 0.1%
- 🇪🇸 Spanish stocks - 0.2%
- 🇫🇷 French stocks - 0.3%
How will the tax be taken?
The Financial Transaction Tax is added to the purchase price when you buy a stock. Therefore,if you buy €100 worth of Italian stock that qualifies for this tax, your final purchase will cost you €100.10.
Do I need to be a resident of France, Italy, or Spain for this tax to apply?
No, you don’t need to be a resident of these countries for this tax to apply to your stock trades. Any verified Personal user with an active brokerage account who buys French, Italian, or Spanish stocks that have this tax will need to pay it.
Does this tax apply to all French, Italian, and Spanish stocks?
No, not all French, Italian, or Spanish stocks are subject to the Financial Transaction Tax, although many are. You’ll see this information on your screen before finalizing your purchase.
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