DBI funds remain an asset for companies.

The DBI deduction ensures that dividends between companies are not taxed twice. But the conditions for investing directly in stocks while retaining a DBI deduction have become significantly stricter in recent years.

Stricter rules for individual stocks

Companies must meet three conditions: invest at least 10% of the shares or €2.5 million, hold the shares for one year and demonstrate that the profit of the target company is normally taxed.

From tax year 2026, large companies must also book an investment of €2.5 million as a financial fixed asset and demonstrate a sustainable economic relationship, something that is almost impossible with listed stocks.

Consequence: For most companies, investing directly in individual stocks is no longer workable.

Why the DBI bevek is becoming more attractive

A DBI bevek offers a flexible and tax-efficient alternative:

• No minimum investment
• No 10% participation requirement
• No mandatory retention period
• Fund management ensures that the investments meet DBI conditions.

As a result, the dividend from the bevek qualifies for a DBI deduction, without the heavy restrictions on individual stocks.

New rules for DBI bevek

• Companies must grant a minimum remuneration to a director: €45,000 in 2025, €50,000 from 2026.
• When selling shares, a capital gain tax of 5% applies.
• However, a purchase by the fund remains DBI-friendly.

What are the risks?

• DBI-Beveks invest in stocks. This usually means more fluctuations in the value of the fund, but also possibly better long-term return prospects.
• Please also note that these DBI beveks have no fixed return, no capital protection and no maturity date.

Conclusion

For companies that want to invest in a tax-efficient way without large participations or long-term obligations, the DBI beveks is an attractive and practical tool. Value Square offers various DBI funds to meet this need.