The activity type “Taxes & Fees” is available on every plan and for every holding.
Use the activity type “Taxes & Fees” to record costs that don't belong to a buy, sell or dividend. You also record refunds this way.
When do I use “Taxes & Fees”?
Custody or account fees
Vorabpauschale on ETFs. Learn more: Vorabpauschale in Parqet (in German)
Costs for advisory services or wealth management
Trading flat rates
Refunds, for example reimbursed fees or tax credits
If taxes or fees belong to a buy, sell or dividend, enter them in that activity. To do this, open the activity and click “Add costs”.
Adding taxes & fees
Open the holding the costs belong to. This can be a security, a cash holding, a cryptocurrency, a precious metal or an other asset.
Click “New activity”.
Select the type “Taxes & Fees”.
Enter the date.
Enter the amount in the “Taxes” field, in the “Fees” field or in both.
For refunds, enter negative amounts.
Optional: Add a note under “Add notes”. The amounts are in the currency shown next to the fields.
Save the activity.
In the activity list, the activity is called “Taxes”, “Fees” or “Taxes & Fees”. This depends on which fields you filled in.
How do taxes & fees work?
Reference account: If a reference account is set up for the holding, Parqet deducts the amount from it. Parqet credits refunds to it.
Tax dashboard: Taxes from this activity appear in the “Other” column. Learn more: Tax dashboard
IRR: Parqet includes taxes & fees in the IRR (internal rate of return).
TTWROR: Taxes & fees on a cash holding lower the TTWROR (true time-weighted rate of return).
Common questions
Where do I enter the Vorabpauschale?
In the ETF holding as “Taxes & Fees”. Enter the tax in the “Taxes” field. You can find the steps in Vorabpauschale in Parqet (in German).
Why is the activity amount €0?
The activity has no buy or sell amount. Parqet only uses the “Taxes” and “Fees” fields.
I got a fee refunded.
Create a “Taxes & Fees” activity and enter the amount as a negative number.
Still have questions? Write to us via our contact form (topic “Portfolio (Calculation, Display Errors)”).