IncTaxInd (FIX tag 416)

intFIX 4.4FIX 4.2

IncTaxInd (tag 416) is an int field defined in FIX 4.4 and FIX 4.2. It appears in 1 message type, always optionally. It is an enumerated field with 2 defined values.

At a glance

Tag: 416
Name: IncTaxInd
Datatype: int
Dialects: FIX 4.4 and FIX 4.2
Messages: 1
Valid values: 2

What the specification says

FIX 4.4

Code to represent whether value is net (inclusive of tax) or gross

FIX 4.2

Code to represent whether value is net (inclusive of tax) or gross.

Descriptions are quoted from the FIX Orchestra sources under the Apache 2.0 licence.

A real message using tag 416

BidRequest · FIX 4.4

Tag	Field	Wire value	Meaning
8	BeginString	FIX.4.4
9	BodyLength	111
35	MsgType	k	Bid Request
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
391	ClientBidID	EXAMPLE
374	BidRequestTransType	N	New
393	TotNoRelatedSym	1
394	BidType	1	"Non Disclosed" Style (e.g. US/European)
416	IncTaxInd	1	Net
418	BidTradeType	R	Risk Trade
419	BasisPxType	2	Closing Price at morning session
10	CheckSum	134

Edit and decode it yourself

Shown with | separators for readability. On the wire FIX uses SOH (0x01), an invisible control byte — and because BodyLength and CheckSum are computed over the actual bytes, the two forms have different checksums. Both are valid and both decode here.

Open in the full decoder →

Generated from the FIX 4.4 dictionary and verified at build time: it parses and validates with no issues. Open the decoder to try your own message.

Valid values

A value outside this list is not a parse error — the message still decodes — but validate() reports it as validate/value-not-in-enum.

Value	Meaning	Symbolic name
1	Net	NET / Net
2	Gross	GROSS / Gross

Where tag 416 appears

Requiredness is a property of the message, not of the field: the same tag can be optional in one message and conditionally required in another.

Message	MsgType	FIX 4.4	FIX 4.2	Where in the message
BidRequest	k	Optional	Optional	directly on the message body

Wire format

A whole number, optionally signed. Leading zeros are legal on the wire and are preserved in the raw value. @boarteam/fix parses the value as a number and reports parse/invalid-int when it does not lex as one; the raw string is kept either way.

Read tag 416 in TypeScript

decode.tsts

import { createFixEngine } from "@boarteam/fix";import { dictionary } from "@boarteam/fix-dict-fix44";const fix = createFixEngine(dictionary);const { message, issues } = fix.parse(raw);const incTaxInd = message.fields[416]?.raw;// e.g. "1" — Net// The dictionary also carries the labels:const label = fix.dictionary  .fieldByTag(416)  ?.enumValues?.find((e) => e.value === incTaxInd)  ?.description;

Decode this in your own code

The same engine that produced the decoded example above is an Apache-2.0 npm package with zero runtime dependencies. It runs in Node and in the browser, and parse() returns problems as data instead of throwing.

npm i @boarteam/fix @boarteam/fix-dict-fix44

Try the decoder Source on GitHub