Using Wise Interest in Hungary

Find general guidance about taxes when using Wise Interest or Stocks.

When you turn on Interest, you’re investing in units in a fund. If you’re a Hungarian tax resident, this means you may need to pay income tax. 

Income tax can become due when you move money out of a balance or Jar when it’s held in Interest — through spending, sending, converting or simply moving money to another account.

Filing a tax return

As a Hungarian tax resident, you’re required to report income from Interest in your annual tax return.

You can find more information at the Hungary tax administration website, Nemzeti Adó- és Vámhivatal.

If you're a sole trader using Interest or Stocks passively, the guidance above also applies to you.