Tax database · Updated every semester

ETF taxation: white-list share search engine

The «white-list» share is the percentage of an ETF invested in government bonds, taxed at 12.5% instead of 26% in Italy. Issuers certify it every semester in hard-to-find PDF and Excel files: we collect them all — 1,920 funds (2,847 ISINs) from 14 issuers — with the effective rate already computed.

1,920 funds2,847 ISINs14 issuers
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Most searched

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C15.46%Xtrackers Diversified Portfolio 60% Equity UCITS ETF 1C26%iShares Core MSCI World UCITS ETF26%VANGUARD LIFESTRATEGY 80% EQUITY UCITS ETF24.32%JPM Global Aggregate Bond Active UCITS ETF19.3%PIMCO Emerging Markets Advantage Local Bond UCITS ETF14.13%

Coverage by issuer

Honest coverage: VanEck does not publish the white-list document on its website (confirmed by the issuer); HSBC, WisdomTree and iM Global Partner do not appear to publish it either. Note: this does not mean the share does not exist — some issuers only communicate it to intermediaries. For those funds, check directly with your broker or bank. Data is semi-annual (that's the issuers' publishing rhythm): an automatic weekly check watches for new documents and delays. Know an issuer that publishes the document and is missing here? Write to hello@rebalix.eu.

IssuerFundsISINsCovered until
iShares/BlackRock42892431 Dec 2026
Amundi61664131 Dec 2026
Invesco31331331 Dec 2026
State Street/SPDR12517931 Dec 2026
DWS/Xtrackers17317331 Dec 2026
UBS5516230 Jun 2026not current
JPMorgan6015431 Dec 2026
WisdomTree417930 Jun 2026not current
Vanguard237631 Dec 2026
BNP Paribas124631 Dec 2026
Franklin Templeton313630 Jun 2026not current
Fidelity132430 Jun 2026not current
Fineco AM212131 Dec 2025not current
PIMCO91930 Jun 2026not current

How it works

In Italy, ETF capital gains are taxed at 26%, but the portion invested in Italian and «white-list» government bonds enjoys 12.5%. Effective rate = 12.5% × share + 26% × (1 − share). The share of the semester in which the sale occurs counts: your broker applies it, based on the issuer's official document. Each page in this database shows the share, the computed rate, the validity semester and the source.

Frequently asked questions

What is an ETF's white-list share?

It is the percentage of assets invested in Italian and cooperating-country («white-list») government bonds. On that portion the capital gain is taxed at 12.5% instead of 26%. The issuer certifies it every semester as the average of the last two reports.

Where do I find my ETF's share?

Search above by ISIN or name: the page shows the share, the effective rate and the validity semester with the source. Alternatively, the official documents are on issuer websites (often behind professional-investor areas).

Does an equity ETF have a zero share?

Almost always: it holds no government bonds, so the full 26% applies. The share matters for government-bond ETFs (often 90-100% → ~12.5-13%) and multi-asset funds (intermediate share).

Why are some funds «transitional»?

A recently established fund has no semi-annual report yet, so the share is not determinable: by law it counts as zero (26%) on a transitional basis until the first report is out.

NoteInformational data collected from official issuer documents (Italian Law Decree 138/2011), not tax advice. The rate is a simplification. Always verify with your broker.
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