diff --git a/name.abuchen.portfolio/src/name/abuchen/portfolio/datatransfer/ibflex/IBFlexStatementExtractor.java b/name.abuchen.portfolio/src/name/abuchen/portfolio/datatransfer/ibflex/IBFlexStatementExtractor.java
index 882553ba9a..ee8282070b 100644
--- a/name.abuchen.portfolio/src/name/abuchen/portfolio/datatransfer/ibflex/IBFlexStatementExtractor.java
+++ b/name.abuchen.portfolio/src/name/abuchen/portfolio/datatransfer/ibflex/IBFlexStatementExtractor.java
@@ -799,8 +799,11 @@ else if (Messages.MsgErrorOrderCancellationUnsupported.equals(portfolioTransacti
         private Consumer<Element> buildSalesTaxTransaction = element -> {
             AccountTransaction accountTransaction = new AccountTransaction();
 
-            // Set transaction type
-            accountTransaction.setType(AccountTransaction.Type.TAXES);
+            // Set transaction type - positive amounts are tax refund
+            if (Math.signum(Double.parseDouble(element.getAttribute("salesTax"))) == -1)
+                accountTransaction.setType(AccountTransaction.Type.TAXES);
+            else
+                accountTransaction.setType(AccountTransaction.Type.TAX_REFUND);                
 
             // Set date
             accountTransaction.setDateTime(ExtractorUtils.asDate(element.getAttribute("date")));