Find general guidance about taxes and requesting tax statement when using Wise Interest or Stocks.
When you turn on Interest or Stocks, you’re investing in units in an accumulating money market or stocks fund. You can see more information about the funds here.
If you're a tax resident in Slovakia, you may need to pay tax on your Wise fund income.
Capital Gains Tax may be due when you dispose of your shares in the fund and you realise a gain — through spending, sending, converting or simply moving money within Wise or to an external account. This will trigger Wise to sell units in the fund, known as disposing.
Filing a tax return
Slovakian tax residents may need to report their income and gains from the fund in their annual tax returns.
You can find more information at the Ministry of Finance of the Slovak Republic website.
If you're a sole trader using Wise Interest passively, you may decide whether to apply the guidance above for more favourable taxation.